- MEXC faces neighborhood panic over stories of frozen property and supposed CEO vanishing on X.
- Customers allege withdrawal points, sparking FUD about potential insolvency.
- MEXC disclaimed withdrawal considerations, threatening authorized actions in opposition to the entities spreading defamatory statements.
MEXC, a distinguished crypto trade based mostly in Singapore, has change into the most recent goal of panic messages of FUD within the crypto neighborhood. Crypto market individuals have urged each other to take away their funds from the trade amid claims that the buying and selling platform was freezing customers’ property.
For example, many customers lamented on X that they may not withdraw their tokens. The grievance was extra overwhelming from customers trying to maneuver out Kaspa (KAS) tokens from MEXC.
Nevertheless, the panic calls gained momentum because the crypto neighborhood speculated that John Chen, the CEO of MEXC, had deactivated his X account. Particularly, many crypto lovers shared screenshots of a deactivated X deal with, “@MEXC_CEO,” suggesting that the trade management was eliminating its presence locally amid allegations of insolvency. Outstanding crypto figures comparable to Crypto Tony additionally reposted the screenshot.
In the meantime, the official MEXC account on X has denied any reference to the stated deactivated account to its CEO. The assertion learn: “MEXC by no means has an official CEO account. The captured account is a faux account that has been disabled by X.”
Nevertheless, the response from the MEXC workforce did not clear the air that the deactivated account had no connection to its chief govt officer. The rationale was that in an announcement in 2021, the MEXC workforce tagged “@MEXC_CEO” as its CEO’s account on X. Crypto neighborhood members identified the 2021 submit, searching for clarification from MEXC. Nevertheless, MEXC has but to clarify the obvious contradiction at press time.
Alternatively, MEXC has disclaimed considerations concerning withdrawal points. “MEXC is working easily, and all programs are regular,” the trade proclaimed on X. Moreover, it threatened to take authorized actions in opposition to the entities spreading the defamatory statements about its enterprise.
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