Users of the MEXC crypto exchange are unhappy with the blocking of their accounts

Users of the MEXC crypto exchange are unhappy with the blocking of their accounts

user avatar

by Max Nevskyi

3 years ago

Several traders have expressed dissatisfaction with their blocked accounts and subsequent asset confiscation actions on the MEXC cryptocurrency exchange.

MEXC employees have behaved unethically; many users have complained about the freezing and seizure of financial assets. I lost 92,000 USDT. I made a profit by trading futures on the MEXC platform, multiplying my capital by five times in 15 days, and then my account was blocked. I contacted customer support and submitted documents, but the next day, all my money disappeared from my account along with the order history.wrote a dissatisfied MEXC customer.

Another trader faced similar difficulties when his account was blocked after earning $8,000 in trading cryptocurrency. He claims that about 10% of his friends also experienced account blockages, indicating a widespread issue.

Representatives of MEXC customer support announced that the freezing of accounts and confiscation of digital assets could result from unusual user trading activity. According to the terms of service, the exchange has the right to block accounts without prior notice in case of violations by customers. Therefore, it can be assumed that the blocked traders are suspected of financial misconduct.

While MEXC director John Chen deactivated his account in Russia, where it was banned on Twitter, this has sparked discussions about a possible exit scam. Members of the crypto community believe that exchange employees may attempt to abscond with customer funds. Traders are advised to refrain from using MEXC's services until the situation is clarified.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

OpenAI Launches GPT56 Sol Ultrafast, Boosting AI Speed and Efficiency

chest

OpenAI has launched a limited preview of GPT56 Sol Ultrafast, a new service tier that significantly increases the speed of its AI model.

user avatarMiguel Rodriguez

Google Unveils Gemini 37 Flash, Its Most Intelligent AI Model Yet

chest

Google has launched Gemini 37 Flash, an AI model optimized for coding and business workflows, offering significant speed and efficiency improvements.

user avatarRajesh Kumar

UBS Considers Cryptocurrency Trading for Private Banking Clients

chest

UBS is evaluating cryptocurrency trading options for private banking clients in Switzerland, with potential expansion to Asia-Pacific and US markets.

user avatarArif Mukhtar

UBS Significantly Boosts Bitcoin ETF Holdings

chest

UBS has significantly increased its Bitcoin ETF holdings, tripling its stake in BlackRock's iShares Bitcoin Trust to approximately 90 million shares.

user avatarLuis Flores

Alphabet Diversifies Stock Portfolio in Q2 2026

chest

Alphabet has updated its stock portfolio, now owning 28 stocks across various sectors to ensure long-term growth.

user avatarMaria Gutierrez

SpaceX Drops AMD in Favor of Nvidia for AI Projects

chest

SpaceX announced it will exclusively use Nvidia chips for AI projects, dropping AMD, during a quarterly earnings call on August 4, 2023.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.