đš BREAKING: Crypto exchange MEXC has allegedly frozen $3.1M (â±176M) in user funds â because the trader was âtoo profitable.â
đ The trader, known online as âThe White Whale,â claims his account was locked in July 2025 despite full KYC approval. MEXC reportedly placed his account under ârisk control analysisâ with a review period of up to 1 year.
đ„ In retaliation, the trader has launched a $2M social media campaign to pressure the exchange to release his funds. Shared screenshots show MEXC demanding in-person KYC in Malaysia via email and Telegram.
â ïž Other traders have reported similar cases, often involving multi-million dollar balances.
đ”đ Meanwhile, MEXC is banned in the Philippines for operating without the proper regulatory license.