MEXC Threatens Authorized Motion Amid FUD Clams of MEXC CEO Vanishing

• MEXC faces neighborhood panic over experiences of frozen property and supposed CEO vanishing on X.
• Customers allege withdrawal points, sparking FUD about potential insolvency.
• MEXC disclaimed withdrawal considerations, threatening authorized actions in opposition to the entities spreading defamatory statements.

MEXC, a distinguished crypto alternate based mostly in Singapore, has develop into the most recent goal of panic messages of FUD within the crypto neighborhood. Crypto market contributors have urged each other to take away their funds from the alternate amid claims that the buying and selling platform was freezing customers’ property. 

For example, many customers lamented on X that they might not withdraw their tokens. The criticism was extra overwhelming from customers trying to maneuver out Kaspa (KAS) tokens from MEXC.

Nonetheless, the panic calls gained momentum because the crypto neighborhood speculated that John Chen, the CEO of MEXC, had deactivated his X account. Particularly, many crypto fanatics shared screenshots of a deactivated X deal with, “@MEXC_CEO,” suggesting that the alternate management was eliminating its presence in the neighborhood amid allegations of insolvency. Outstanding crypto figures equivalent to Crypto Tony additionally reposted the screenshot.

In the meantime, the official MEXC account on X has denied any reference to the mentioned deactivated account to its CEO. The assertion learn: “MEXC by no means has an official CEO account. The captured account is a faux account that has been disabled by X.”

Nonetheless, the response from the MEXC staff didn’t clear the air that the deactivated account had no connection to its chief government officer. The rationale was that in an announcement in 2021, the MEXC staff tagged “@MEXC_CEO” as its CEO’s account on X. Crypto neighborhood members identified the 2021 publish, searching for clarification from MEXC. Nonetheless, MEXC has but to clarify the obvious contradiction at press time.

Then again, MEXC has disclaimed considerations concerning withdrawal points. “MEXC is working easily, and all programs are regular,” the alternate proclaimed on X. Moreover, it threatened to take authorized actions in opposition to the entities spreading the defamatory statements about its enterprise.