MEXC, a Seychelles-based cryptocurrency exchange, has come under scrutiny following multiple allegations from traders about frozen assets and account blocks. The accusations, intensifying since December 16, suggest that the exchange is enforcing its terms of service in a way that users find controversial.
Sudden Account Restrictions Spark Concern
Traders are using the platform X to voice their concerns and report sudden restrictions on their accounts following profitable trades. A notable case is that of a pseudonymous trader, Vida, who claims a loss of $92,000 in Tether (USDT) after successful futures market trades on MEXC. The trader’s account and order history were allegedly wiped clean following contact with MEXC’s support team.
MEXC Cites “Abnormal Trading Activities”
MEXC’s support team acknowledged that their risk control system flagged Vida’s account, leading to a thorough investigation by the staff. The exchange, citing “abnormal trading activities” in the acco
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