A crypto trader from Yekaterinburg, Ivan, has claimed that his trading account on MEXC Global was frozen with over $9 million under unclear accusations. His statement has drawn attention to issues faced by users of centralized crypto exchanges.
Allegations Against MEXC Global
Ivan claims that MEXC Global froze his account over suspicions of illegal activity without providing any evidence to support their claims. He also notes that his crypto wallets are marked as 'low-risk.'
Account Freezing Story
After months of active trading, where Ivan raised his balance from $30,000 to over $9 million, his account was suddenly blocked without explanation. He received absurd demands, such as a personal verification in Singapore and submission of medical documents.
Lawyer Situation and Arbitration
Ivan's lawyers have already filed official requests with MEXC but received no clear responses. They are now preparing for international arbitration. Ivan also publicly criticizes the exchange, highlighting the risks associated with using unregulated centralized platforms.
Ivan's situation raises important questions about the legality of crypto exchanges' actions and the risks faced by traders. His story serves as a warning to other users of centralized platforms.
