Crypto exchange MEXC has been enforcing its terms of service to freeze funds and restrict accounts in response to “abnormal trading activities.”
Crypto exchange MEXC has allegedly frozen several traders’ accounts and seized their funds, according to multiple reports on X (formerly Twitter). The exchange claims the actions were motivated by “abnormal trading activities.”
MEXC’s users have been complaining about account restrictions since Dec. 16. On X, the pseudonymous trader Vida revealed a loss of $92,000 in Tether (USDT) tokens, following profits from multiple recent trades over 15 days in MEXC’s futures market. “I contacted the support and submitted documents, and then the second day, funds in my account were TOTALLY WIPED OUT along with the order history,” they wrote.
Vida’s shared screenshots show that MEXC’s support team acknowledged that their risk control system flagged a problem with the trades, which was subsequently investigated by the exchange’s staff. As per MEXC’s reported statement:
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Source: https://cointelegraph.com/news/traders-report-frozen-assets-account-blocks-mexc