MEXC Exchange Incident Undermines Trust and Raises Alarm in Crypto Community
What happens when a major player in the crypto space hits a snag that sends ripples of doubt cascading through its user base? That’s the pressing question swirling around the MEXC exchange after an unsettling incident involving The White Whale, a high-profile trader who found $3 million of his assets abruptly frozen. This shocking turn of events has sparked a firestorm of discussion regarding integrity, transparency, and the vital trustworthiness of centralized exchanges.
The Apology Saga: MEXC Takes Responsibility
In March 2025, MEXC’s Chief Strategy Officer, Cecilia Hsueh, confronted a full-blown public relations crisis. A misstep had led to the freezing of funds belonging to The White Whale, and the fallout was immediate. The…
