As per AMBCrypto, MEXC unfroze $3.1 million in assets for high-profile trader TheWhiteWhaleV2 on 31 October following intense public scrutiny and issued a rare public apology. The exchange had previously accused the trader of using bots to generate illicit profits, a claim he denied with evidence of manual trading. On-chain investigator Zachxbt raised questions about MEXC’s ownership structure, sparking mass withdrawals and community backlash. MEXC’s 24-hour trading volume dropped over 15% during the crisis, according to CoinGecko data. The incident has highlighted concerns about transparency and fairness in centralized exchanges, particularly for smaller traders.
MEXC Unfreezes $3.1M After Public Backlash, Issues Apology
AMBCryptoShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.