Here's what happened with
@MEXC_Official
So the guy named The White Whale made a tweet saying smth like:
"My account was suspended for trading with my hands, no bots, no api, nothing. I had $3M (or $5M) there which I can't withdraw and support doesn't help.
Cecilia (new MEXC CSO) tried to help, we had a dialog, I was offered to admit that I broke the rules and then my funds will be released, but I didn't brake any rules so I am not going to tell that.
Then she said wait, we will take a look and answer you and there was no answer for week or 2"
Cecilia answered smth like:
"This conversation should have stayed private, you are mixing the facts, etc."
Mexc also added, from their official page, that they will take legal actions against TWW for misinformation.
Then the whole CT + ZachXBT started supporting The White Whale, since many had simillar problems with MEXC,
some lil guy tweeted to withdraw your funds from MEXC immediately, because they are planning to freeze withdrawals and the flywheel started spinning even faster
Today, Cecilia apologized, released the withdrawal for TWW and MEXC reposted this apology.
People are still FUDing mexc and withdrawing funds, because many had problems with RK and withdrawing is never the worst option (Hi, FTX!)
So imo MEXC really has problems to fix, because blocking winning accs that overplay your market maker is the last thing to do. It's your problem, not the user problem. Everyone here is to make money and if your cex has inefficiencies that let other people make money, while you lose money, fix them instead of blocking accounts
Taking about Cecilia, I wouldn't FUD her tbh, she joined as CSO 2 months ago, and is trying to fix many things which are super hard to fix when we talk about huge complex structure as CEX (at least she tells she is trying to fix it)
So imo, withdraw your funds anyway, because if everything is good, then it will have no impact on Mexc (user total balance should be < total platform balance), and if all is good, you can deposit there again
Mexc is a kind of CEX that have to exist, so I hope they won't go bankrupt and will fix all the shit they had been doing
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