Multiple users on Telegram and X reported that MEXC is blocking funds and delaying withdrawals.

For example, a user under the nickname Vida reported that he was blocked from $92K, which he earned on futures. He also said that he contacted support and provided his documents, but after that his money disappeared and his order history disappeared. The exchange responded that its actions were motivated by the account's "abnormal trading activity."

Many other users have encountered this problem.

The company called all the accusations slander.

In parallel with this, the CEO’s account in X “MEXC_CEO” was deleted. The community speculates that the account belonged to John Chen Jiu.

However, MEXC claims that the account was once used to promote the exchange. However, the CEO left the company in July 2022 and the account has not been associated with the company since then.

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