🚨 MEXC WARNING: The "White Whale" Incident Heats Up the Crypto Community! 🐋💥

Recently (late October - early November 2025), the MEXC exchange is "heated" with the drama surrounding the freezing of the famous trader "The White Whale" – with funds held up to 3.1 million USD! 😱

Since July 2025, MEXC has accused this account of violating risk regulations, leading to a public feud on X (Twitter). White Whale "exploded" in criticism of the exchange's lack of transparency, not supporting withdrawals, and even "arguing" with CSO Cecilia Hsueh. The crypto community, led by ZachXBT, "bombarded" MEXC with criticism.

🎉 A happy ending? On October 31, 2025, MEXC officially apologized, released all funds, and acknowledged communication errors + risk processes that hadn’t "scaled" in time.

But the drama isn't over! Rumors spread quickly: Does MEXC have liquidity issues, is "FTX 2.0" coming? 🏦❌ Many users called for mass withdrawals out of fear.

📢 Response from MEXC (November 1, 2025):

- User assets are 100% backed by Proof of Reserves (PoR) – absolutely safe! 🔒

- Commitment to improvement: Open DM/Telegram channels quickly for freezing cases.

The X community is divided:

- ✅ Long-time fans: "Daily trading is smooth, no issues at all!"

- ❌ Other traders: "Have been frozen before, withdraw quickly before it's too late!"

(Note: There was a hack of the gaming YouTube channel in October, but it is not directly related to MEXC.) 🎮🔓

💡 Advice: If you are holding on MEXC, check PoR immediately and consider withdrawing if worried. Contact support to confirm your account status. Crypto is volatile, safety comes first! 🚀

#MEXC #CryptoDrama #WhiteWhale #ProofOfReserves