MEXC Faces Backlash Over Account Freezes and Withdrawal Delays

Many crypto users and industry observers are increasing red flags on global exchange Mexc on account gels and withdrawal restrictions.

Coinbase Exchange used to follow the same path before the CEO of the platform undertakes to reduce accounts by 82%.

Mexc faces the crisis of confidence because the restrictions of withdrawal increase the red flags

Mexc Exchange faces accusations, ranging from the arbitrary account freezes to possible insolvency. Users’ concerns suggest that a widening crisis of confidence can form around the platform, with a certain warning of models consistent with Ponzi type behavior.

“In the past few months, the exchange of Mexc cryptocurrency has been the subject of a meticulous examination for an increase in account gels and withdrawal restrictions, often without clear or valid justification,” wrote the researcher of Defi Master on X (Twitter).

He cited several users with high birth in birth with sales in the seven -eight -targeted range range. ALLIGHTED, MEXC largely automates support responses, while senior management remains “insensitive” and “does not want to correct these abuses”.

The message adds to a list of confirmations of other users demanding similar experiences – some allege that they supported their funds after taking advantage of the professions.

Meanwhile, others claim to have received vague flags for “abnormal activity” before their accounts were frozen.

More closely, a user described a personal experience in which his account was reported and locked after an attempted withdrawal.

“Everything seemed good … then I tried to withdraw. Nothing. “Pending. The hours have been transformed into days.

After investigating, this particular user would have discovered “hundreds of similar stories. Mexc did not immediately respond to the request for Beincryptto comments.

Wave justifications can have real consequences for Mexc

Mexc did not publish an official public declaration concerning recent allegations. Nevertheless, the platform had previously claimed to approach manipulation.

On March 25, Mexc said that he had frozen more than 1,500 accounts related to coordinated market manipulation rings.

According to the exchange, the accounts allocated have been engaged in the usurpation of the usurpation, the self-transformation and the algorithmic tactics with a daily turnover exceeding $ 20 million.

“We record the transformation of retail manipulations to the group and even at the quasi-institutional level, which has systemic risks for individual exchanges and the market infrastructure as a whole,” read an extract in the press release.

However, criticisms argue that the wave justification for “abnormal activity” is a general reason to delay or refuse withdrawals even in legitimate cases.

Meanwhile, the climbing of complaints occurs when the user’s sensitivity to the freezing of the accounts is particularly high.

Beincryptto recently pointed out that Coinbase had reduced its frost account by 82%, after public pressure and an internal overhaul.

The CEO of Coinbase, Brian Armstrong, admitted that the question had persisted “longer than accepting”, but said that the exchange had a priority to resolve, with continuous improvements.

This response strongly contrasts with the approach of Mexc and Coinbase, fueling speculation that Mexc’s problems go beyond customer service.

“The rhythm and nature of the Mexc account account resemble warning panels generally associated with pyramidal or ponzi diets … They seem to dig their own grave,” added Master.

According to the user, MexC restricts outings and avoids responsibility while prioritizing new entries.

This is in particular a history in development, with more updates once Mexc publishes a formal explanation concerning the concerns concerning the solvency and the operational integrity of the platform.

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