MEXC unfreezes $3.1M: Public backlash forces exchange to back down
Cryptocurrency exchange MEXC found itself amidst a controversy after the platform froze approximately $3.1 million in assets belonging to a prominent trader known as TheWhiteWhaleV2. MEXC accused the trader of using automated bots to generate illegitimate profits. In response, TheWhiteWhaleV2 maintained that all trading was manual and provided evidence to support the claim. Despite this, the funds remained inaccessible, leading to a standoff between the trader and the exchange.