Treasury cuts off MEXC Global over alleged $16 billion in transactions linked to Iran, North Korea and Russia

The U.S. Treasury Department's Financial Crimes Enforcement Network has severed crypto exchange MEXC Global from the U.S. financial system over allegations that the platform supported $16 billion in transactions linked to Iran, North Korea, and Russia. Treasury Secretary Scott Bessent stated that financial institutions cannot support the Iranian regime while retaining access to U.S. markets. The action follows a broader crackdown over the past year on crypto platforms accused of helping Iran evade sanctions. Open article →