Agbafresh @agbafresh25 - Twitter Profile

over 1 year ago

MEXC – IS THE EXCHANGE EXPLOITING “RISK CONTROL” POLICY TO SEIZE USERS’ ASSETS? We are the VBC Vietnam group (@vbc_group), a community of over 6,000 members trading futures based on news and project valuation like: High FDV = Short, Low Marketcap = Long (a basic strategy). We accept personal risk ourselves — if we're right, we profit; if we're wrong, we bear the loss. MEXC offers futures contracts and encourages long/short trading, but when we trade based on market mechanisms, the exchange locked multiple accounts, deleted transaction history, and rolled back accounts without valid justification. IS MEXC VIOLATING MARKET PRINCIPLES? MEXC’s stated reason for locking user accounts: “Risk Control.” But we question that claim: - Is long/short trading a violation? MEXC itself introduced futures for this activity. - Is quick scalping wrong? This is a legitimate trading strategy on all exchanges. - Suspecting fraud? They locked our accounts and reviewed transactions — so why did MEXC delete transaction history and roll back accounts instead of maintaining transparency? MEXC’S DUBIOUS BEHAVIOR - Locking accounts for 1 month / 180 days / 365 days without clear reasons. - Deleting all user trading history — something no other exchange has done. - Rolling back accounts despite transactions being fully valid. If MEXC doesn’t want users to trade futures, why not simply stop the product? WE FIRMLY STATE THAT WE DID NOT PARTICIPATE IN ANY MEXC PROMOTION EVENT. In fact, we contribute significant volume and liquidity to the platform. IS MEXC EXPLOITING “RISK CONTROL” POLICY TO SEIZE USER ASSETS? Comparing this with reputable exchanges: - Bybit recently faced a $1.5 billion loss but handled it transparently while respecting users' trade history. - Binance, OKX, Bybit, Gate, and Bitget have never arbitrarily deleted trade histories or rolled back accounts. Yet, MEXC has done this, raising concerns that they may be exploiting control measures to confiscate user assets. WE DEMAND THAT MEXC: 1. Publicly disclose the reason for account locks and provide clear evidence if fraud is suspected. 2. Restore users' transaction history — deleting transaction data is suspicious behavior and unacceptable. 3. Return users' balances and allow withdrawals before locking accounts. 4. Ensure transparency in risk management policies and refrain from rolling back valid transactions. If MEXC continues to remain silent, our community has the right to escalate this matter. Is trading futures a violation? If not, why is MEXC holding on to users’ assets? If MEXC has nothing to hide, be transparent! I want justice for our users. WE DEMAND A CLEAR EXPLANATION FROM MEXC P.S.: I will engage KOLs, multiple groups in Vietnam, and pay for Twitter campaigns until MEXC takes action for our community. It’s not just our community affected — many MEXC users have been, are being, or may soon be impacted! @MEXC_Official @iamnxa @MEXCVietnam @cz_binance @binance @okx @Bybit_Official @benbybit @bitgetglobal @GracyBitget #riskcontrol #MEXC lock account

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Agbafresh

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