MEXC Exec Promises Changes After Blowup Over Frozen Crypto Millions
Centralized exchange MEXC has apologized for freezing the funds of a crypto whale for months, releasing his $3 million back to him and acknowledging that it handled the situation poorly.
Pseudonymous trader and crypto influencer The White Whale had his $3 million MEXC account suspended in July. The exchange told him that he had made two orders within the same second, which it said implied he wasn’t manually trading, had broken their terms of service, and the funds should be forfeited. However, he refused these claims.
The White Whale has since been on a social media campaign to get his funds back, with pseudonymous on-chain sleuth ZachXBT recently coming to his defense. Following a public back-and-forth between the trader…
