MEXC Apologizes and Returns $3M to Influential Crypto Whale

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Derived from Bitcoinist, MEXC has officially apologized and returned $3 million to a prominent crypto influencer known as 'White Whale' after a four-month dispute. The funds were initially frozen in July 2025 due to suspected irregular activities, but the influencer publicly challenged the decision, sparking a social media backlash. Under public pressure, MEXC acknowledged mismanagement, issued a public apology, and released the funds. The incident highlights the fragility of trust in centralized exchanges and the growing demand for transparency and accountability in the crypto industry.

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