Not sure how true this is, or what is going on with it.
But spreading for awareness. Actually a wild read with evidence. If this was me I would be gutted.
One thing that was respectable with MEXC and the whole White Whale thing, was that they addressed it publicly. Was it because he was a big figure with a voice? Sure. Was it because he caused a scene publicly? Sure. But at least they addressed it, and figured it out.
Binance, along with other major exchanges normally don’t even pay attention to stuff like this and the small guys always get hurt.
We need to help advocate for others in the community, became a force to help each other out. Imagine losing your life savings and no one even blinks an eye about it.
The only way things like this ever get resolved is if the noise is so loud that they are forced to take action.
Update on my MEXC situation:
I didn’t want to make this public. At first, I genuinely believed it was a random bug or system error.
But after 20 days, more than 3,300,000 USDT of my funds remain frozen by @MEXC_Official, completely inaccessible.
I reached out to support multiple times. Every time, they said it would be “resolved soon.”
Then one day, I received an email saying my account showed “suspicious activity” and “abnormal profit.”
No explanation. No evidence. Just “frozen forever.”
I’ve been in this space long enough to know that transparency is everything.
No one, no trader, no investor, no builder, should ever have to go through this.
I still hope @cecilia_hsueh and the MEXC team will do the right thing and fix this.
Until then, all I can do is keep speaking up.