MEXC banned in the USA over $16b of illicit transactions involving Iran, North Korea (DPRK), and Russia.
On November 6, 2026, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order under “Operation Economic Outcast” that effectively severs MEXC Global from the U.S. financial system.
Key details from the official action
• What it does: It prohibits U.S. financial institutions from processing any funds transfers to or from MEXC Global. The order takes effect 30 days after publication in the Federal Register. Violations can bring civil or criminal penalties. It does not replace existing OFAC sanctions or Bank Secrecy Act obligations.
• Basis: Issued under section 9714(a) of the Combating Russian Money Laundering Act. FinCEN found MEXC to be a financial institution of primary money laundering concern, particularly tied to Russian illicit finance.
• Scale of alleged activity: Between May 2021 and May 2026, MEXC facilitated at least $16 billion (some internal figures cite ~$16.7 billion) in transactions linked to sanctions evasion, cybercrime, and other illicit activity involving Iran, North Korea (DPRK), and Russia.
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MEXC will support the rebranding of Toncoin ($TON) to $GRAM on Jun 15.🔥
No token migration needed, and the contract address stays the same.
⏰ $TON trading closes: Jun 15, 10:00 UTC
🚀 $GRAM trading opens: Jun 15, 12:00 UTC
More info: