U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows

U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows — Live Feedhttps://www.live-feeds.com/feed/u-s-treasury-moves-to-cut-off-crypto-exchange-mexc-over-16-billion-in-alleged-illicit-flowsContinuously updated, source-cited coverage. US Treasury Cuts Off MEXC Over $16 Billion in Illicit Flowshttps://www.live-feeds.com/feed/u-s-treasury-moves-to-cut-off-crypto-exchange-mexc-over-16-billion-in-alleged-illicit-flowshttps://www.live-feeds.com/feed/u-s-treasury-moves-to-cut-off-crypto-exchange-mexc-over-16-billion-in-alleged-illicit-flows#u196899Thu, 12 Nov 2026 11:10:45 +0000The US Treasury Department has barred crypto exchange MEXC from the American financial system, citing $16 billion in transactions linked to Iran, North Korea and Russia. FinCEN issued the order under Operation Economic Outcast, prohibiting US financial institutions from handling transfers connected to the Seychelles-based platform. Following the action, major industry players including Binance, OKX and NatGold Digital moved to restrict transfers, freeze deposits or delist tokens tied to MEXC.Why it mattersThe Treasury targets an exchange that Americans were not supposed to use, placing immedia