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

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 Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

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

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Chainstack Expands Incident Report on Security Breach

Chainstack has updated its incident report detailing an October security breach caused by access control failures.

Miguel Rodriguez28 minutes ago

Sygnum Launches ETH Alpha Fund Targeting 8-10% Annual Returns

Sygnum has launched its ETH Alpha Fund targeting annual returns of 8-10% for professional investors, combining staking with various strategies.

Luis Floresan hour ago

Chainlink and Moody's Ratings Complete Crosschain Distribution Pilot

Chainlink and Moody's Ratings have successfully completed a pilot project utilizing the CrossChain Interoperability Protocol to distribute credit information across multiple networks.