As part of Operation Economic Outcast, the U.S. Treasury designated Russia's A7 Network a transnational criminal organization and sanctioned Iranian crypto exchanges Nobitex and BitBank, the latter over alleged transfers to the IRGC

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FinCEN alleged MEXC Global processed $22 million benefiting Iran's central bank and the Islamic Revolutionary Guard Corps' Qods Force, alongside nearly $200 million connected to the A7A5 stablecoin

FinCEN designated MEXC Global as a primary money laundering concern in connection with Russian illicit finance under Section 9714(a) of the Combating Russian Money Laundering Act

The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) issued a Section 9714(a) Combating Russian Money Laundering Act order prohibiting U.S. financial institutions from processing transfers with MEXC Global, effective 30 days after Federal Register publication

FinCEN cited severe deficiencies in MEXC Global's anti-money-laundering controls, noting the exchange processed trades with sanctioned Russian platform Garantex and successor Grinex as recently as June 2026

The order targeting MEXC Global forms part of Operation Economic Outcast, a U.S. Treasury campaign targeting financial networks supporting Iranian sanctions evasion activities

FinCEN found MEXC Global processed at least $16 billion in illicit transactions between May 2021 and May 2026, including nearly $1.5 billion tied to Russian sanctions evasion

U.S. Treasury Secretary Scott Bessent stated that financial institutions must choose between supporting the Iranian regime or retaining access to the U.S. financial system

FinCEN alleged that MEXC Global processed approximately $1 billion in direct transfers involving more than 40 Iranian crypto exchanges between May 2021 and May 2026

FinCEN alleged that MEXC Global facilitated approximately $350,000 for sanctioned North Korean money launderer Sim Hyon Sop in 2025

Russia expanded cryptocurrency access under increasing pressure from Western financial sanctions that restricted the country's access to traditional international finance

A number of traditional and fintech entities registered with the Bank of Russia as cryptocurrency service providers are subject to sanctions

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Solana Foundation said Samsung Wallet users can send USDC on Solana to other Samsung Wallet users, external crypto wallets and qualifying bank accounts

Attackers initially swapped 234 million stolen USDT for TRX on SunSwap, using approximately 7,700 TRON network addresses before moving funds off TRON.

The Federal Bureau of Investigation, Secret Service, and IRS Criminal Investigation requested cryptocurrency services and operators to block transactions linked to identified Binance attacker wallet addresses.

Asset issuers including Tether and Circle froze approximately $3 billion in stolen cryptocurrency assets shortly after the October 29, 2026 Binance breach.

Stolen Crédit Mutuel funds transferred into secondary bank mule accounts were forwarded to cryptocurrency exchanges Kraken, Crypto.com, and OKX to purchase stablecoins

KB Financial Group completed a won-denominated stablecoin pilot for offline payments in May 2026, while Kakao Pay and KakaoBank partnered with Fireblocks in September 2026 for digital asset infrastructure.

South Korean commercial banks and technology firms have continued testing stablecoin applications, despite legislative delays surrounding the proposed Digital Asset Basic Act.

Stablecoins accounted for 94% of the restricted Binance hack funds, while native cryptocurrencies on Bitcoin, XRP Ledger, Solana, and NEAR could not be frozen by issuers.

The Federal Bureau of Investigation issued an alert directing THORChain node operators not to process transactions linked to North Korean hacker wallets