Key facts
- FinCEN accused MEXC Global of facilitating at least $16 billion in illicit transactions, Decrypt reported.
- The order severs MEXC from the US financial system, per Decrypt.
- Operation Economic Outcast, tied to the action, was launched in August, Cointelegraph reported.
- DefiLlama put MEXC's assets at $4.48 billion as of Friday, Cointelegraph reported.
The Financial Crimes Enforcement Network ordered crypto exchange MEXC Global cut off from the US financial system, accusing it of facilitating at least $16 billion in illicit transactions, Decrypt reported on November 6, 2026.