CERT24US bans MEXC crypto exchange over sanctions evasion and cybercrime links
The US Department of the Treasury has cut off MEXC Global from the US financial system, citing sanctions evasion and links to cybercrime gangs. According to a FinCEN order, MEXC allowed at least $16 billion in illicit transactions between May 2021 and May 2026 linked to cybercrime operations and Iranian, North Korean, and Russian sanctions evasion.