Trader Launches $2M Campaign After MEXC Freezes $3.1M in Funds
- A trader, known as the White Whale, claims that MEXC froze over $3 million of his funds without clear justification.
- The trader has initiated a $2 million social media campaign to pressure MEXC into unfreezing his assets.
- Participants in the campaign can earn a share of $1 million if they mint an NFT and promote the cause using the tag “#FreeTheWhiteWhale.”
- Another $1 million will be donated to vetted charities if MEXC releases the frozen funds.
- The trader alleges that his account was frozen due to his profitability compared to MEXC’s market makers.
This situation highlights ongoing concerns regarding centralized exchanges and their handling of user accounts, particularly when substantial funds are involved. The trader’s actions reflect a growing frustration among users facing similar issues with account freezes.
With over $3 million reportedly frozen, this incident raises questions about exchange practices and user rights within the cryptocurrency space. (Source)
