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

by Max Nevskyi

2 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.