Seychelles-Based Crypto Exchange MEXC Rejects ‘Baseless’ User Asset Freeze Claims

The Seychelles crypto speech MEXC has rejected claims it is unilaterally freezing users’ accounts oregon “wiping” retired their profits. The MEXC squad said it opposes ongoing attempts to defame its sanction and whitethorn edifice to taking ineligible action.

Baseless Claims

The Seychelles-based cryptocurrency exchange, MEXC, has described allegations that it is unilaterally freezing users’ accounts arsenic “baseless claims” being propagated by “individuals with ulterior motives.” In a statement, the MEXC squad said it vehemently opposes attempts to defame it oregon disseminate mendacious narratives and whitethorn institute ineligible proceedings against those down the rumors.

The crypto exchange’s beardown rebuttal of claims followed respective media reports of disgruntled users, immoderate of whom person accused MEXC of “wiping” retired profits arsenic good arsenic the applicable commercialized history. One of the affected users claimed to person mislaid entree to 92,000 successful USDT stablecoins erstwhile the crypto speech allegedly froze his account.

Sharing his ordeal connected X (formerly Twitter), the user, who uses the sanction Vida, said consequent attempts to retrieve the funds were frustrated by MEXC’s enactment team, which cited “abnormal trading activities” successful the user’s relationship oregon associated accounts.

Users Urged to Refrain From Spreading False Information

However, successful the crypto exchange’s Dec. 24th rebuttal of the claims, the MEXC squad said it is inactive committed to users’ welfare. It besides warned users to debar spreading fake quality astir the crypto exchange.

“Since its establishment, MEXC has consistently upheld ‘Customer First,’ arsenic its guiding principle. We are committed to safeguarding the interests of users and cultivating task partners. We sincerely admit the spot and enactment that our users person consistently placed successful us. We promote everyone not to blindly judge rumors and refrain from spreading mendacious information,” the crypto speech said.

It's been 4 hours present and I'm inactive incapable to retreat immoderate of my KAS, and that is aft splitting my larger withdrawal petition into smaller ones arsenic the ample 1 was cancelled for nary evident reason, each inactive processing without an ETA.

I'm astatine a nonaccomplishment arsenic to what I should do.

— Nadav (@Eros280400) December 24, 2023

In different station connected X, the MEXC squad disavowed an relationship purporting to beryllium that of its CEO and told users to verify quality astir it done authoritative societal media channels. Despite the crypto exchange’s assurances, immoderate users continued to study unsuccessful withdrawal requests

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