We fucked up.
We apologize to @TheWhiteWhaleV2 , and his money is already released. He can claim it at any time.
I messed up in communicating with him. I got emotional, and I shouldn’t have.
Since I joined MEXC 2 months ago I’ve been fighting behind the scenes to get MEXC to change. We grew really fast—a few years ago, we were a very small exchange, but given our current scale, our risk, operations, and PR teams have not kept up.
We’re going to change that. I’ve been driving the leadership team to recognize the issues, identify changes we need to make and improve on our transparency. After this, they’re now listening and they all acknowledge that MEXC has to change.
Stay tuned. More updates are coming.
For now, I’m sorry to White Whale and to his community.
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We have released our 2025 Q3 Report, offering a glimpse into the steady progress of our "All in Web3" strategy.
🔹 Global users surpassed 41 million
🔹 Record highs in both spot and derivatives trading volume
🔹 Launch of @GateLayer, a high-performance Layer 2 network reshaping the $GT ecosystem
🔹 @GatePerpDEX, @Gate_Fun, and Meme Go driving ecosystem upgrades
🔹 Secured MiCA license in Malta, accelerating global compliance efforts
🔹 $12.02B in total reserves, maintaining an industry-leading position
Read the full report: https://t.co/kttn5dJXxA
📢Clarification on Rumors Regarding MEXC’s Financial Status
Recent online discussions have circulated unverified rumors regarding MEXC’s financial status. We would like to clearly state that these claims are false and misleading.
MEXC remains in strong financial health. All user assets are fully backed, and our Proof of Reserves (PoR) data shows that major assets are backed at over 100%. The Merkle tree data will be updated at tonight for users to verify.
Information is publicly available on our website and multi-source, and we continue to strengthen these frameworks as part of our long-term commitment to industry trust and best practices.
Full announcement: https://t.co/8URjGXRpe9
🌟 Upcoming New Listing 🌟
🤩 #BitMart will list Ycash (YEC) @YcashFoundation soon!
Keep an eye on our socials for further announcements.
Share in the comments what you like about this project 👇
#YECBitMartListing