No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, January 11, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

MEXC Apologizes to ‘White Whale’ Trader over $3M Freeze

by TheAdviserMagazine
2 months ago
in Cryptocurrency
Reading Time: 2 mins read
A A
MEXC Apologizes to ‘White Whale’ Trader over M Freeze
Share on FacebookShare on TwitterShare on LInkedIn


About three months after a pseudonymous crypto trader reported that the MEXC exchange had frozen about $3 million worth of their holdings, a representative publicly apologized and released the funds.

In a Friday X post, MEXC Chief Strategy Officer Cecilia Hsueh said the exchange “f***-ed up” in handling a situation with a crypto user called the White Whale. In July, MEXC froze $3.1 million of the user’s funds, allegedly due to the exchange’s “risk control rules.”

“We apologize to [the White Whale], and his money is already released,” said Hsueh. “He can claim it at any time. I messed up in communicating with him. I got emotional, and I shouldn’t have.”

Source: Cecilia Hsueh

The move from the centralized exchange prompted the White Whale to launch a $2 million social media campaign targeting MEXC in August. He later said he had increased funding for the venture to $2.5 million after reporting that MEXC had requested he fly to Malaysia to resolve the issue and release the funds.

Related: South Korea ramps up crypto seizures, will target cold wallets

Many users still blame the exchange for the situation

“[W]hile appreciated, it [the apology] didn’t specify what they were apologizing for,” said the White Whale in response to Hsueh’s post. “Implying I was a criminal (with their public AML claims in the beginning) or a scammer (with the most recent accusations after AML was publicly debunked) would have been nice.”

The crypto trader said the “work is not yet done,” claiming that there were hundreds of other cases similar to his that he intended to pursue in order to recover funds. He pledged to “distribute 100%” of the released $3 million to 20,000 supporters behind his social media campaign and nonprofit organizations.

“Most regular users wouldn’t stand a chance in a situation like this,” said Reddit user Effective-Impact8054 in response to the resolution. “So yeah, it’s great that the White Whale finally got paid, but it doesn’t change the fact that MEXC froze a legit trader’s funds for months and only fixed it once the internet got involved.”

According to data from Nansen, the price of MEXC’s token (MX) dropped about 3.5% following Hsueh’s post, from $2.30 to $2.22 at the time of publication.

Magazine: Review: The Devil Takes Bitcoin, a wild history of Mt. Gox and Silk Road



Source link

Tags: apologizesfreezeMEXCTraderWhalewhite
ShareTweetShare
Previous Post

Judges order Trump administration to use emergency reserves for SNAP payments during the shutdown

Next Post

FACO: Advisors highlight shifting industry concerns

Related Posts

edit post
Coinbase Outlines Bullish Markets Outlook as Global Liquidity and Scale Accelerate

Coinbase Outlines Bullish Markets Outlook as Global Liquidity and Scale Accelerate

by TheAdviserMagazine
January 10, 2026
0

Coinbase is accelerating its push to dominate global crypto trading, fueled by surging liquidity, expanding derivatives and spot markets, and...

edit post
Analyst Outlines The Bull Case For XRP And Why Price Will Hit All-Time High Soon

Analyst Outlines The Bull Case For XRP And Why Price Will Hit All-Time High Soon

by TheAdviserMagazine
January 10, 2026
0

XRP is now back to trading just above the $2 level after an early January rally briefly carried its price...

edit post
Bitcoin Network Mining Difficulty Falls in Jan 2026

Bitcoin Network Mining Difficulty Falls in Jan 2026

by TheAdviserMagazine
January 10, 2026
0

The Bitcoin (BTC) network mining difficulty, the relative computing challenge of adding a new block to the decentralized blockchain ledger,...

edit post
Tennessee targets Kalshi, Polymarket, and Crypto.com over sports betting

Tennessee targets Kalshi, Polymarket, and Crypto.com over sports betting

by TheAdviserMagazine
January 10, 2026
0

Key Takeaways Tennessee's Sports Wagering Committee has issued cease-and-desist orders to Kalshi, Polymarket, and Crypto.com. Regulators want the companies to...

edit post
CLARITY Act: Senate Banking Committee Set Mark-Up Date

CLARITY Act: Senate Banking Committee Set Mark-Up Date

by TheAdviserMagazine
January 10, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In an exciting development, the US Senate...

edit post
Will Bitcoin Crash or Rally? Top 3 Events to Watch This Week

Will Bitcoin Crash or Rally? Top 3 Events to Watch This Week

by TheAdviserMagazine
January 10, 2026
0

Bitcoin witnessed a surprise bounce to almost $95K and pared the gains to fall back below $90K this week. Bitcoin...

Next Post
edit post
FACO: Advisors highlight shifting industry concerns

FACO: Advisors highlight shifting industry concerns

edit post
12 Big Financial Dates in November 2025 — Including the Next Fed Vote

12 Big Financial Dates in November 2025 — Including the Next Fed Vote

  • Trending
  • Comments
  • Latest
edit post
Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a 8 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

Most People Buy Mansions But This Virginia Lottery Winner Took the Lump Sum From a $348 Million Jackpot and Bought a Zero-Turn Lawn Mower Instead

January 10, 2026
edit post
80-year-old Home Depot rival shuts down location, no bankruptcy

80-year-old Home Depot rival shuts down location, no bankruptcy

January 4, 2026
edit post
Utility Shutoff Policies Are Changing in Several Midwestern States

Utility Shutoff Policies Are Changing in Several Midwestern States

January 9, 2026
edit post
Tennessee theater professor reinstated, with 0,000 settlement, after losing his job over a Charlie Kirk-related social media post

Tennessee theater professor reinstated, with $500,000 settlement, after losing his job over a Charlie Kirk-related social media post

January 8, 2026
edit post
In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

December 14, 2025
edit post
Democrats Insist On Taxing Tips        

Democrats Insist On Taxing Tips        

December 15, 2025
edit post
What Makes Cinemark Holdings (CNK) Attractive

What Makes Cinemark Holdings (CNK) Attractive

0
edit post
Is Your Retirement Prep on Track? 9 Signs Experts Say to Look For

Is Your Retirement Prep on Track? 9 Signs Experts Say to Look For

0
edit post
ICICI Lombard alerts exchanges after employee shares draft Q3 results on WhatsApp

ICICI Lombard alerts exchanges after employee shares draft Q3 results on WhatsApp

0
edit post
8 grocery shopping habits that instantly reveal whether you grew up wealthy or working class

8 grocery shopping habits that instantly reveal whether you grew up wealthy or working class

0
edit post
Is AI In Sales A Sustainable Competitive Advantage Or Just Table Stakes?

Is AI In Sales A Sustainable Competitive Advantage Or Just Table Stakes?

0
edit post
PCA Full Form – Meaning, Examples, Features, Functions

PCA Full Form – Meaning, Examples, Features, Functions

0
edit post
8 grocery shopping habits that instantly reveal whether you grew up wealthy or working class

8 grocery shopping habits that instantly reveal whether you grew up wealthy or working class

January 11, 2026
edit post
PCA Full Form – Meaning, Examples, Features, Functions

PCA Full Form – Meaning, Examples, Features, Functions

January 11, 2026
edit post
Coinbase Outlines Bullish Markets Outlook as Global Liquidity and Scale Accelerate

Coinbase Outlines Bullish Markets Outlook as Global Liquidity and Scale Accelerate

January 10, 2026
edit post
The art of building wealth quietly: 8 money moves rich people make that broke people never consider

The art of building wealth quietly: 8 money moves rich people make that broke people never consider

January 10, 2026
edit post
ICICI Lombard alerts exchanges after employee shares draft Q3 results on WhatsApp

ICICI Lombard alerts exchanges after employee shares draft Q3 results on WhatsApp

January 10, 2026
edit post
Ashwini Vaishnaw likely to attend US critical minerals meet amid China’s supply-chain weaponisation

Ashwini Vaishnaw likely to attend US critical minerals meet amid China’s supply-chain weaponisation

January 10, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • 8 grocery shopping habits that instantly reveal whether you grew up wealthy or working class
  • PCA Full Form – Meaning, Examples, Features, Functions
  • Coinbase Outlines Bullish Markets Outlook as Global Liquidity and Scale Accelerate
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.