Ttoatontog

🚨 Warning!

🚨 Fraudsters! 🚨

MEXC exchange will steal your money, don’t even think about using it

I have long wanted to tell you about this exchange, which only looks honest. Everything is based on real events that happened to me earlier.

So:
Back in 2018, when Bitcoin grew strongly, I deposited a decent amount there (in February) in LTC.
🚨 The exchange began to freeze all large inputs, giving them the status of verification.
🚨 The essence of the fraud was that the scheme affected all major deposits in Cryptocurrency. USDT was not frozen.

How it all ended:
✅ I made 15,000 tickets using scripts and broke the exchange website
✅ After 4 months of bombing, hundreds of topics on the forums - they gave up and unfrozen the account
✅ The total loss was more than $10,000 due to the difference in the exchange rate (the exchange brazenly froze the money at a high rate and unfrozen it at a low one)

People around the world formed large groups to return money.

👆 Those who are familiar with this exchange have long known that the site design was updated precisely with our stolen money. I will never forget this and will not stop warning people about MEXC exchange scams.

Subscribe, okay?

$BTC #mexc #BTC.😉. #HotTrends #scam

The recent developments in the 3 million USDT freezing incident at the Matcha Exchange have emerged.

The incident originated in July this year when English KOL @TheWhiteWhaleV2 reported that his account was frozen by Matcha, with funds amounting to 3 million USDT. He publicly questioned how he had made a profit of 5 million dollars through trading in three months, yet the exchange could not "afford" it, ultimately unilaterally freezing his account.

Since then, he has been persistently defending his rights since August.

Recently, the well-known figure "Sister Jiao" @cecilia_hsueh (the former CEO who sparked discussions on @MorphLayer for posting foot photos) has intervened in handling this matter after joining Matcha.

After communicating with the parties involved last week, she responded that the freezing reason was that the system detected the user had "placed two orders within one second" in April, which was judged by risk control as suspected of wash trading, and no further details about risk control were disclosed.

The person involved refuted that the so-called "two orders in one second" was caused by network fluctuations, stating that he was trading manually the entire time and that his account did not have API trading permissions, making it impossible to perform wash trading operations.

What sparked further controversy was that Sister Jiao hinted during the communication that as long as the person involved was willing to "publicly admit the mistake," the funds might be unfrozen.

She also publicly stated: "MEXC is still ready to use this 3 million dollars for community building at any time," seemingly intending to turn the frozen funds into community incentives, which caused an uproar in public opinion.

Additionally, other users revealed that Matcha informed them that the "risk control analysis process could take up to 365 days," further exacerbating users' doubts about the platform's processing efficiency.

It is rumored that behind Matcha is the former Philippine gambling giant "Phoenix Group." This perfectly explains its risk control logic: retail investors winning small amounts is inconsequential, but if large investors earn too much, they will be banned for various reasons. This is merely a rehash of the gambling tactic "if you win too much, don't expect to leave," applied in the cryptocurrency space.

#狗抹茶 Never use Dogecoin on Matcha, for no reason they put you under control, then upload data and make you wait a month. Today marks one month, I went to inquire, and they directly put me under control for a year. Withdrawals and transactions are all impossible. They just want to swallow the funds in my account, which has $2800. So if you're still using Matcha, hurry up and withdraw, don't blame me for not reminding you.