MEXC apologizes and releases $3 million after freezing trader’s funds

[ed]

After three months of controversy, crypto exchange MEXC has released over $3 million in funds it had frozen from a trader known as “White Whale.”
MEXC’s Chief Strategy Officer, Cecilia Hsueh, admitted the exchange “f***-ed up” in handling the situation and apologized publicly.
The incident sparked a $2.5 million social media campaign from the trader, calling out the exchange’s “risk control” actions.

[Nahid10]

Accountability matters. Glad MEXC took responsibility, but trust won’t rebuild overnight.

[EmTeam]

$3M refund is a start — now let’s see stronger safeguards for users. ️