The trader claimed to have outperformed MEXC’s external market makers and been sidelined for being “too profitable.” Update Aug. 25, 1:25 p.m. UTC: This article has been updated to include a response from a MEXC spokesperson. A cryptocurrency trader launched a $2 million social media pressure campaign against MEXC, claiming that the digital asset exchange had frozen more than $3 million worth of his personal funds for no clear reason. In July 2025, centralized cryptocurrency exchange (CEX) MEXC allegedly froze $3.1 million worth of personal funds without any terms of service violations, according to pseudonymous crypto trader the White Whale. Read more