{"id":409814,"date":"2025-11-01T03:23:26","date_gmt":"2025-10-31T21:53:26","guid":{"rendered":"https:\/\/dripp.zone\/news\/we-fucked-up-mexc-exec-promises-changes-after-blowup-over-frozen-crypto-millions-crypto-news\/"},"modified":"2025-11-01T03:30:43","modified_gmt":"2025-10-31T22:00:43","slug":"we-fucked-up-mexc-exec-promises-changes-after-blowup-over-frozen-crypto-millions-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/we-fucked-up-mexc-exec-promises-changes-after-blowup-over-frozen-crypto-millions-crypto-news\/","title":{"rendered":"‘We Fucked Up’: MEXC Exec Promises Changes After Blowup Over Frozen Crypto Millions – Crypto News"},"content":{"rendered":"
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In brief<\/h4>\n
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  • Pseudonymous crypto influencer The White Whale had his $3 million MEXC account suspended in July, and has been on a social media crusade to get it back ever since.<\/li>\n
  • On Friday, MEXC apologized, returned his funds, and promised to make changes to stop it from happening again in the future.<\/li>\n
  • However, several other users have reported similar issues as the exchange’s withdrawals have noticeably spiked since mid-July.<\/li>\n<\/ul>\n<\/div>\n

    Centralized exchange MEXC has apologized for freezing the funds of a crypto whale for months, releasing his $3 million back to him and acknowledging that it handled the situation poorly.<\/span><\/p>\n

    Pseudonymous trader and crypto influencer The White Whale had his $3 million MEXC account suspended in <\/span>July<\/span><\/a>. The exchange <\/span>told him<\/span><\/a> that he had made two orders within the same second, which it said implied he wasn\u2019t manually trading, had broken their terms of service, and the funds should be forfeited. However, he refused these claims.<\/span><\/p>\n

    The White Whale has since been on a social media <\/span>campaign<\/span><\/a> to get his funds back, with pseudonymous on-chain sleuth ZachXBT recently coming to his <\/span>defense<\/span><\/a>. Following a public <\/span>back-and-forth<\/span><\/a> between the trader and MEXC, the exchange caved.<\/span><\/p>\n

    \u201cWe fucked up. We apologize to The White Whale, and his money is already released. He can claim it at any time,\u201d Cecilia Hsueh, CSO of MEXC, <\/span>wrote on X<\/span><\/a>. \u201cI messed up in communicating with him. I got emotional, and I shouldn\u2019t have.\u201d<\/span><\/p>\n

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    We fucked up.<\/p>\n

    We apologize to @TheWhiteWhaleV2<\/a> , and his money is already released. He can claim it at any time.<\/p>\n

    I messed up in communicating with him. I got emotional, and I shouldn\u2019t have.\u00a0<\/p>\n

    Since I joined MEXC 2 months ago I\u2019ve been fighting behind the scenes to get MEXC to\u2026<\/p>\n

    \u2014 Cecilia Hsueh (@cecilia_hsueh) October 31, 2025<\/a><\/p>\n<\/blockquote>\n<\/div>\n

    She <\/span>added<\/span><\/a> that following the incident, MEXC is working to create a \u201cfast-track channel\u201d to fix unresolved account issues. The White Whale <\/span>claims<\/span><\/a> to have been notified of hundreds of cases of other traders with \u201cindefinite freezes with no access to their funds.\u201d\u00a0<\/span><\/p>\n

    \u201c[It] took a while and a bunch of hate to get you to do it. 100% sure this tweet would not exist if he were someone with 100 followers,\u201d pseudnymous trader Joji <\/span>wrote on X<\/span><\/a>.\u00a0<\/span><\/p>\n