- Several individuals informed X that their MEXC platform accounts were unexpectedly blocked.
- These traders also suffered substantial financial losses as a result.
- MEXC, however, asserted that their platform was functioning smoothly and warned of potential legal action against those attempting to defame it.
Several users on X (formerly known as Twitter) reported that the MEXC exchange had put a hold on their accounts, preventing them from making withdrawals. The team behind the project advised individuals not to believe the circulating rumors and threatened to take legal action in response.
One user, using the pseudonym “Vida,” was among the earliest to disclose issues with MEXC. According to their statement, they lost $92,000 in USDT:
The trader mentioned that they had achieved a fivefold profit in the futures market before their account was blocked, and subsequently, their funds went missing.
In addition, they shared a screenshot of the response received from customer support. Moreover, the platform’s management warned of legal consequences for those spreading unfounded rumors about the company.