---
title: "U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows"
url: https://thecoingazette.com/u-s-treasury-moves-to-cut-off-crypto-exchange-mexc-over-16-billion-in-alleged-illicit-flows/
date: 2026-11-07
modified: 2026-11-07
lang: en
author: "Coin Gazette Editorial"
description: "Treasury billed the move as part of its campaign against Iran, but the order rests on MEXC's alleged role in Russian illicit finance."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 23
---

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

Treasury billed the move as part of its campaign against Iran, but the order rests on MEXC's alleged role in Russian illicit finance.