Trader Launches $2M Campaign After MEXC Freezes $3.1M in Funds
- A trader known as the White Whale claims MEXC froze $3.1 million of his funds without clear justification.
- In response, he initiated a $2 million social media campaign, offering $1 million to NFT holders if MEXC releases the funds.
- MEXC stated that account freezes are due to risk control measures, not profitability concerns.
- The trader alleges he was penalized for being more profitable than MEXC’s market makers.
- MEXC has reported these accounts to regulatory authorities amid ongoing reviews.
The situation highlights tensions between traders and exchanges regarding fund accessibility and risk management practices in the cryptocurrency sector.
With $3.1 million frozen and a $2 million bounty launched for support, this incident underscores significant challenges within centralized exchanges like MEXC. (Source)
