The US Treasury is moving to cut off the crypto exchange MEXC over $16 billion in alleged illicit flows, a step it framed as part of its campaign against Iran although the order rests on MEXC's alleged role in Russian illicit finance, CoinDesk reports.
coindesk.com/business/2026/11/07/u-s-treasury-moves-to-cut-off-cryp…
How should exchanges be held to account for what flows through them?