# FinCEN Seeks to Cut MEXC Global Off Over Alleged $16 Billion in Transactions

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/51919
Published: 2026-11-08T23:46:24.000Z
Updated: 2026-11-08T23:46:24.000Z
Section: Regulation

> FinCEN alleges MEXC was involved in at least $16 billion in transactions. The exchange is reviewing the order and says it will take the allegations seriously.

The Financial Crimes Enforcement Network (FinCEN) is seeking to cut MEXC Global off from the U.S. financial system, alleging the exchange was involved in at least $16 billion in transactions.

FinCEN’s allegation concerns transactions involving MEXC, and the agency puts their value at no less than $16 billion. The action it is seeking targets the exchange’s access to U.S. financial channels. The transaction total describes the activity at issue; the requested cutoff concerns MEXC’s financial access.

MEXC is reviewing the order and said it would take the allegations seriously. That is the exchange’s stated response as FinCEN seeks to restrict its connection to the U.S. financial system.

The cutoff is being sought, not described as completed. MEXC says it is reviewing the order, while FinCEN’s allegation and requested restriction remain at the center of the case.