Treasury says FinCEN is cutting MEXC Global off from US finance
As part of Operation Economic Outcast, the US Treasury said FinCEN issued an order cutting off crypto exchange MEXC Global from the US financial system over said $16 billion in illicit flows.
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Not investment advice. Read the disclaimer.
The US Treasury said on 6 November 2026 that FinCEN issued an order effectively cutting off crypto exchange MEXC Global from the US financial system.
In a thread on X, the department wrote that FinCEN acted over facilitation of at least $16 billion in illicit transactions, including activity connected to Iran sanctions evasion. The same thread said Treasury's OFAC, as part of Operation Economic Outcast, designated eight Canada-based money services businesses that enable the Iranian regime. The fuller case is in the Treasury press release.
What the order claims
Treasury's public materials said that MEXC Global facilitated large-scale illicit finance and that the FinCEN order is meant to sever the platform's access to US financial institutions. Exact effective timing depends on Federal Register publication and the order's stated delay; readers should check the primary release rather than social summaries for compliance deadlines.
This article is not investment advice. said and dollar figures are those stated by Treasury and FinCEN. MEXC has separately published its own response; weigh both the Treasury post and the official release before drawing conclusions.
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