🚨 vx-underground reverse-engineered the malware that stole $32k donated to Rastaland for his cancer fight. They uncovered the entire infrastructure, operations, the people that fell victim, and people behind it.
300K views and the next day CZ is directly tweeting about a DEX coin freshly released [to clearly rival Hyperliquid] which is also backed by YZi Labs.
CZ will stop at nothing to rival HL.
In fact,
You must understand the psychology behind it.
CZ feels "personal" about this not because Hyperliquid took a lot of Binance's mindshare [and are competition for the same users],
But because CZ was FIRST to the DEX perps game in 2019~ and feels as if Jeff ripped him off/stole his idea and did it better.
He still stop at nothing to *try* and dethrone them.
The greatest show and tell of fundamentals? Price.
The coin isn't even on any other platform right now but just the native DEX itself.
CZ will list this on Binance spot 110% and their way to "beat" HL will be trying to scam pump it and get users behind them by "winning" from their crimemaxxing.
Study how HL built a loyal army because Jeff enriched users.
Money talks.
👀
This wallet, presumed to be associated with Justin Sun, just longed millions of $XPL on Hyperliquid, clearing the entire order book and liquidating everyone.
He then started closing his long, making $16M in just one minute. $XPL pumped to $1.80, which is over 200% in 2 minutes
He is still long 15.2M $XPL ($10.2M), one of the craziest liquidation events I’ve ever seen on Hyperliquid
https://t.co/3GwjI3FdHb
This Isn't just a MEXC Issue,
Coinbase would lock user funds & their was no support for non-us accounts,
Meaning you were fucked,
They did this throughout 2018-2021 & cashed out people in USDC Instead of actual coins held
People thought Sam was a "badman" for FTX
He was a pawn that took the fall for the sake of the industry kingpins that needed the heat off their backs
~
Update: MEXC Attempts To Lure The White Whale To Meet In Person...For Potentially Sinister Reasons??
I received an email from MEXC (with my anti-phishing code and from their official domain). I triple-verified - it was authentic.
The email claimed:
“Our leadership team attaches great importance to cooperation with you and is very much looking forward to having a one-on-one communication with you to deeply understand your needs and expectations. To this end, we sincerely invite you to have in-depth communication with the leadership team.”
They asked me to verify my TG ID. Once I did, I wasn’t met by a “leadership team.” Just one person: their Global Head of Customer Service - whose identity I confirmed through multiple channels including other MEXC employees.
Then came the punchline: he insisted I travel to Malaysia to “complete KYC in person.”
Let’s be clear.
I’ve already done every form of KYC they’ve ever asked for: live video, address verification, phone number, multiple identity layers.
Their own Terms of Service contain zero mention of any requirement for in-person KYC.
Crypto kidnappings are on the rise - why would someone with over $100M on-chain ever agree to fly to another country and enter the lion’s den of an organization he's publicly protesting against?
When I rejected the idea, his reply was telling:
“But I understood that you have sought to expedite the unfreezing of your account.”
Translation: If you want your funds, get on a plane.
This is not compliance. This is coercion.
What MEXC is attempting here isn’t “verification.” It’s intimidation dressed up as procedure. They are inventing roadblocks that don’t exist in their own rulebook, while dangling access to my rightful funds like ransom. If they can do this to me, they can do this to anyone.
The question now is simple: How long will the industry turn a blind eye while exchanges resort to tactics that belong in crime thrillers, not capital markets?
I know we’ve got their attention. Maybe we just haven’t been loud enough yet. I told him to come back to me when MEXC was ready to be serious.
🫡 From the depths —
The White Whale 🐋