No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, March 4, 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
4 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
ARK Invest loads up Robinhood stock ahead of its “Take Flight” event

ARK Invest loads up Robinhood stock ahead of its “Take Flight” event

by TheAdviserMagazine
March 3, 2026
0

ARK Invest, Cathie Wood’s investment firm focused on disruptive technology sectors, acquired 158,587 shares of Robinhood (HOOD) on Tuesday ahead...

edit post
Ethereum Exodus Continues: Supply On Crypto Exchanges Dries Up To Years-Long Low

Ethereum Exodus Continues: Supply On Crypto Exchanges Dries Up To Years-Long Low

by TheAdviserMagazine
March 3, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With the Ethereum price slowly demonstrating bullish...

edit post
BTC Price Bounces as Spot Investors Buy The Dip Amid Iran War Jitters

BTC Price Bounces as Spot Investors Buy The Dip Amid Iran War Jitters

by TheAdviserMagazine
March 3, 2026
0

The BTC price is up in the past few hours after dipping earlier today as U.S.-Iran tensions escalated. The pullback...

edit post
Uniswap wins again in New York court as judge draws new line on DeFi liability

Uniswap wins again in New York court as judge draws new line on DeFi liability

by TheAdviserMagazine
March 3, 2026
0

A federal judge in New York dismissed fraud claims against Uniswap for the second time this month, and the decision...

edit post
Why XRP Is Being Hailed As The Top Trade Over Bitcoin And Ethereum

Why XRP Is Being Hailed As The Top Trade Over Bitcoin And Ethereum

by TheAdviserMagazine
March 3, 2026
0

Crypto analyst Amonyx recently drew attention to a CNBC video in which XRP was described as the hottest crypto trader...

edit post
Iran’s Conflict and Internet Disruptions Hit Local Crypto Industry

Iran’s Conflict and Internet Disruptions Hit Local Crypto Industry

by TheAdviserMagazine
March 3, 2026
0

On March 1, Chainalysis observed that Iran’s largest crypto exchanges were offline, a report consistent with the complete disruption of...

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
Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

February 24, 2026
edit post
Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

February 3, 2026
edit post
North Carolina Updates How Wills Can Be Stored

North Carolina Updates How Wills Can Be Stored

February 10, 2026
edit post
Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

February 15, 2026
edit post
Where Is My 2025 Oregon State Tax Refund

Where Is My 2025 Oregon State Tax Refund

February 13, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
U.S. oil and gas exporters benefit from the Iran war, but can’t fill the supply gap as prices spike

U.S. oil and gas exporters benefit from the Iran war, but can’t fill the supply gap as prices spike

0
edit post
Over 14,000 Child Car Seats Recalled. See the Affected Model.

Over 14,000 Child Car Seats Recalled. See the Affected Model.

0
edit post
How AI Could Destroy 4 Million Jobs Per Year—And Not Kill The Labor Market

How AI Could Destroy 4 Million Jobs Per Year—And Not Kill The Labor Market

0
edit post
International Women’s Day: Women Leaders Put Nutrition First

International Women’s Day: Women Leaders Put Nutrition First

0
edit post
Emotion versus Principle: The Fragility of Modern Governance

Emotion versus Principle: The Fragility of Modern Governance

0
edit post
Hyperliquid Price Prediction – Can $HYPE Reach 0?

Hyperliquid Price Prediction – Can $HYPE Reach $100?

0
edit post
Caution, not panic: Anand Tandon urges measured approach amid market volatility

Caution, not panic: Anand Tandon urges measured approach amid market volatility

March 3, 2026
edit post
ARK Invest loads up Robinhood stock ahead of its “Take Flight” event

ARK Invest loads up Robinhood stock ahead of its “Take Flight” event

March 3, 2026
edit post
US Stock Market | Wall Street indexes end lower as Middle East conflict fans inflation fears

US Stock Market | Wall Street indexes end lower as Middle East conflict fans inflation fears

March 3, 2026
edit post
Over 14,000 Child Car Seats Recalled. See the Affected Model.

Over 14,000 Child Car Seats Recalled. See the Affected Model.

March 3, 2026
edit post
China is set to kick off its big policy meeting. What will be the key announcements?

China is set to kick off its big policy meeting. What will be the key announcements?

March 3, 2026
edit post
10 Affordable Mobility Aids on Amazon That Seniors Swear By

10 Affordable Mobility Aids on Amazon That Seniors Swear By

March 3, 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

  • Caution, not panic: Anand Tandon urges measured approach amid market volatility
  • ARK Invest loads up Robinhood stock ahead of its “Take Flight” event
  • US Stock Market | Wall Street indexes end lower as Middle East conflict fans inflation fears
  • 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.