High-Profit Trader Alleges MEXC Froze $3M, Launches Counter-Campaign
A significant dispute has emerged in the cryptocurrency market, with a prominent crypto trader claiming that the MEXC exchange has frozen approximately $3 million of their assets. In response, the trader has reportedly initiated a $2 million campaign to address the situation. This development highlights ongoing tensions between high-volume traders and centralized exchanges, particularly concerning fund access and trading profitability.
The trader asserts that MEXC sidelined them due to being "too profitable," specifically claiming to have consistently outperformed the exchange's external market makers. This alleged action by MEXC raises questions about fair trading practices and the operational transparency of crypto platforms.
Trader's Allegations and Response
According to reports, the core of the trader's grievance stems from the accusation that MEXC took action against them not for violating any terms of service, but purely for their consistent success. The claim suggests that the trader's trading strategies led to profits that surpassed those of the exchange’s designated market makers, prompting what the trader perceives as an unjust freezing of funds.
The subsequent launch of a $2 million campaign indicates a serious effort by the trader to either recover the frozen assets or raise significant public and industry awareness regarding their experience. While the specifics of this campaign (e.g., legal action, public relations, community engagement) remain to be fully detailed, it underscores the intensity of the conflict and the trader’s commitment to challenge MEXC’s actions.