Several users on the MEXC cryptocurrency exchange reported their funds being frozen and confiscated, with the platform attributing the situation to “abnormal trading activity.”
On December 22, an investor and trader, using the pseudonym Vida, expressed frustration on X about $92,000 being blocked on MEXC.
Despite profiting from various trades and quintupling the deposit in 15 days, Vida found their account frozen.
Upon contacting support and filing a complaint, Vida discovered that all funds had disappeared, along with the order history, the very next day.
MEXC representatives responded, stating, “With respect to the account restrictions and futures/asset trading concerns you have raised, our risk control system and relevant personnel have conducted a thorough review. It was discovered that your account and the addresses associated with it were experiencing abnormal trading activity. In accordance with the terms of use, we have taken measures to compensate for the losses incurred.”
