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