Beware of MEXC! Blocking withdrawals and accounts!

[bitmover]

https://cointelegraph.com/news/traders-report-frozen-assets-account-blocks-mexc
rypto 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
tickers down
$0.9986
 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.

I have some shitcoins there! I will withdrawal all of them now! I will keep you guys informed if I was able to.
I will convert all of them to XRP and move it to my personal wallet , as XRP is easy and cheap to withdrawal, and it is in a nice trend.

[_act_]

https://cointelegraph.com/news/traders-report-frozen-assets-account-blocks-mexc
rypto 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
tickers down
$0.9986
 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.

I have some shitcoins there! I will withdrawal all of them now! I will keep you guys informed if I was able to.
I will convert all of them to XRP and move it to my personal wallet , as XRP is easy and cheap to withdrawal, and it is in a nice trend.

This people are indeed wicked for doing that,what are the terms and conditions given to the users whom account were seized that they failed to follow, what they are doing is even more worst than the the atrocities their some of those users may caused, there is nothing that can be used to justify on the source of peoples fund, and they had better know that fraudulent cant be moderated by them using this approach, they will rather be the one engaging in the same thing they are giving others sanction on.

[rdluffy]

Thanks for the warning bitmover
Nowadays I only use exchanges temporarily or with little value
I had 117 dollars there in Solana and I just withdrew it in USDT
Everything went well and quickly

From what I've seen, there are a few cases of users with higher amounts, but MEXC doesn't require KYC and I found it quite strange that they do this.
You can't be too careful 

[electronicash]

there was an accusation about them a year ago where they stole money from an account. so this will not be surprising anymore if they do it once again.

i have an experience about the MEXC before where i download their app on my phone round 4 years ago. i didn't submit KYC but i bought SHIB in that account. this time i tried logging  in, the website sites my email does not correspond to any account. either i downloaded phishing app or they really are stealing.

[JoyMarsha]

https://cointelegraph.com/news/traders-report-frozen-assets-account-blocks-mexc
rypto 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
tickers down
$0.9986
 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.

I have some shitcoins there! I will withdrawal all of them now! I will keep you guys informed if I was able to.
I will convert all of them to XRP and move it to my personal wallet , as XRP is easy and cheap to withdrawal, and it is in a nice trend.

If this is to be true, let's not keep this news to ourselves; rather, we should spread the news to our friends who have accounts with the MEXC exchange. This is pure wickedness coming from the MEXC exchange to their users. They want to siphon people's money in this bull run. This can't happen if we begin now to withdraw all the coins we have with them.

[rdluffy]

there was an accusation about them a year ago where they stole money from an account. so this will not be surprising anymore if they do it once again.

i have an experience about the MEXC before where i download their app on my phone round 4 years ago. i didn't submit KYC but i bought SHIB in that account. this time i tried logging  in, the website sites my email does not correspond to any account. either i downloaded phishing app or they really are stealing.

But what about the app, did you enter in the app again to try and recover your funds?
What's the official answer of MEXC? (of course if you tried to contact them)

I used MEXC for a long time, without any problems, it's not nice to hear that

[bitmover]

there was an accusation about them a year ago where they stole money from an account. so this will not be surprising anymore if they do it once again.

i have an experience about the MEXC before where i download their app on my phone round 4 years ago. i didn't submit KYC but i bought SHIB in that account. this time i tried logging  in, the website sites my email does not correspond to any account. either i downloaded phishing app or they really are stealing.

But what about the app, did you enter in the app again to try and recover your funds?
What's the official answer of MEXC? (of course if you tried to contact them)

I used MEXC for a long time, without any problems, it's not nice to hear that

I never had problems there as well.
I have now withdrawal all my funds from MEXC, very quickly.

[bayu7adi]

Here is the quote on x

https://x.com/cryptonator1337/status/1738614583902757113

CR1337
@cryptonator1337
The number of people getting problems with
@MEXC_Official
 in the last few weeks is huge.

They also froze the account from a friend of mine.

He deposited BTC worth low six-figures in USD, bought XMR, and tried to withdrawal. The first withdrawal went out, however, after the second they blocked the withdrawal function.

It's a disgusting tactic:

1. Luring people who care about their privacy with the fact that there is no mandatory KYC and a generous 30 BTC/24h withdrawal limit

2. Wait for big deposit, freeze the account and demand KYC without giving any reason.

3. Hope that the customer doesn't do KYC and other stuff they could want, like giving Proof of Funds.

4. If successful, just keeping the funds.

Incredible.

some people asked about strong evidence for the claim, but the sender did not respond, I am not a supporter of MEXC but I also want to know what really happened, is this just a joke to get attention, or is it serious? But to identify that it is a serious case, there must be strong evidence...

For those of you who have assets on the CEX exchange, check now, whether it is also problematic or not.. not only on MEXC, but on all centralized exchanges... and those who still have funds on MEXC, it is highly recommended to withdraw them immediately for security...

[rdluffy]

I never had problems there as well.
I have now withdrawal all my funds from MEXC, very quickly.

I've never had a problem with MEXC either
I use it and BingX which doesn't ask for KYC

After going through Cryptopia, Celsius, FTX and other local exchanges, I've learned that it's better to withdraw all your coins first and then analyze what's going on.
If there are problems, your coins are safe, if not, just use them again after a few days.

[MrSpasybo]

I've never had a problem with MEXC either
I use it and BingX which doesn't ask for KYC

After going through Cryptopia, Celsius, FTX and other local exchanges, I've learned that it's better to withdraw all your coins first and then analyze what's going on.
If there are problems, your coins are safe, if not, just use them again after a few days.

I even don't use MEXC although it's quite famous for listing many tokens early in the market. Many investors use MEXC to seek profit opportunities when investing in tokens at their early stages and many have succeeded and gained 100x returns on their assets, which makes MEXC even more famous.

Although launched since 2018, MEXC doesn't provide me with the necessary reassurance in this market. I have more reliable options such as Binance, GateIO, KuCoin to experience and use. After referring to this infor, I have even more reasons to avoid MEXC in the future.

[electronicash]

there was an accusation about them a year ago where they stole money from an account. so this will not be surprising anymore if they do it once again.

i have an experience about the MEXC before where i download their app on my phone round 4 years ago. i didn't submit KYC but i bought SHIB in that account. this time i tried logging  in, the website sites my email does not correspond to any account. either i downloaded phishing app or they really are stealing.

But what about the app, did you enter in the app again to try and recover your funds?
What's the official answer of MEXC? (of course if you tried to contact them)

I used MEXC for a long time, without any problems, it's not nice to hear that

no i didn't contact them after all the amount was just around $50. i was just trying out the exchange and send  few usd. i don't know what to do with amount because they don't want me to withdraw without submitting KYC. so i tried buying SHIB while the price was low. i think that was around 7M SHIB.

you know when you have tons of throw away emails, you just can't remember which one you use to an exchange? that's probably what happened but i tried the usual emails i use for the exchanges i think around 3 of those emails, none of them worked so i quit. with enough motivation, i would sure look for the login if say SHIB price goes $0.01 

because the app didn't work anymore in my phone. maybe it was a scam app.

[bitmover]

Although launched since 2018, MEXC doesn't provide me with the necessary reassurance in this market. I have more reliable options such as Binance, GateIO, KuCoin to experience and use. After referring to this infor, I have even more reasons to avoid MEXC in the future.

For coins such as bitcoin, ethereum, etc there is no reason to use small exchanges such as MEXC.

However, some coins are available to buy only there, and when they reach KuCoin or Gate.io the price has already skyrocket.

It is also interesting with you wanna do trades without any KYC

I even don't use MEXC although it's quite famous for listing many tokens early in the market. Many investors use MEXC to seek profit opportunities when investing in tokens at their early stages and many have succeeded and gained 100x returns on their assets, which makes MEXC even more famous.

That is exactly the reason to use it. I was  trying to do that

[Zed0X]

I've heard of the exchange from the hunters of new tokens but never used it. I haven't heard/read any issues from them so it appears that only the high volume traders have problems with the exchange and not the regular/casual users. Anyway, as a general rule of mine, don't play too much with these centralize exchanges.

[yhiaali3]

It's unfortunate to hear such news about MEXC exchange, I have been using it for a long time without any problems, I still have an account there but there are no assets in it and I rarely use the exchange.

They had a good reputation and I don't know why this happened, as I understood from the news they have frozen and closed several accounts and they are refusing to respond to requests from affected traders to return their accounts, this has caused a huge loss of confidence in the exchange and I expect that they will lose a lot of their users.

This highlights once again the danger of putting large amounts of money in centralized exchanges.

[rdluffy]

I'm going to use this thread to follow up on a ticket I opened at MEXC
I had already withdrawn all my funds from there after your warning hehehe

However, I needed to make a deposit of 111 dollars in USDT on the APTOS network and MEXC supports this network
I ended up depositing USDT (layerZero) which is a bridge token, instead of the USDT that MEXC uses, so the deposit was “lost”

I opened a ticket and they answered me very quickly, within 2 hours they told me to confirm the deposit address and they would get back to me, but it could take up to 2 months 
I'll wait and update you when I have new information.