No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, July 30, 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
9 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
World Cup Prediction Markets Hit B as NFT Trading Reached M

World Cup Prediction Markets Hit $20B as NFT Trading Reached $24M

by TheAdviserMagazine
July 30, 2026
0

The 2026 FIFA World Cup drove $20 billion in blockchain-based prediction market volume and $24 million in digital collectible trades,...

edit post
Cardano Price Prediction: Can ADA Rally as ETF Eligibility Nears August 9?

Cardano Price Prediction: Can ADA Rally as ETF Eligibility Nears August 9?

by TheAdviserMagazine
July 30, 2026
0

Cardano price rose on Thursday as improving market conditions supported renewed interest in ADA. The token gained 2.85% within 24...

edit post
Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?

Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?

by TheAdviserMagazine
July 30, 2026
0

Investors are withdrawing money from Hyperliquid-linked exchange-traded funds for the first time since the products launched.Data from SoSoValue shows that...

edit post
Luno Eliminates 20% of Global Workforce as Automation Changes Crypto Exchange Priorities

Luno Eliminates 20% of Global Workforce as Automation Changes Crypto Exchange Priorities

by TheAdviserMagazine
July 29, 2026
0

Key TakeawaysDigital Currency Group subsidiary Luno reduced its staff by 20% to build a leaner operational model.Retail trading drops drove...

edit post
AAA Launches Web3 Panel for Crypto Disputes

AAA Launches Web3 Panel for Crypto Disputes

by TheAdviserMagazine
July 29, 2026
0

The American Arbitration Association (AAA), one of the world’s largest providers of private dispute-resolution services, has launched a specialist panel...

edit post
Us Iran War Update: Donald Trump Threatens to “Beat the Shit” Out of Iran

Us Iran War Update: Donald Trump Threatens to “Beat the Shit” Out of Iran

by TheAdviserMagazine
July 29, 2026
0

U.S.-Iran tensions have escalated again after American officials said Iran launched missiles at U.S. forces in the Middle East, ending...

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
Georgia Senior SNAP and Meal Resources Older Adults Can Use

Georgia Senior SNAP and Meal Resources Older Adults Can Use

July 24, 2026
edit post
New Jersey Tax-Relief Events: Three July Dates Near Seniors

New Jersey Tax-Relief Events: Three July Dates Near Seniors

July 13, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
Retail giant exits U.S. fashion after multi-million-dollar scandal

Retail giant exits U.S. fashion after multi-million-dollar scandal

July 1, 2026
edit post
Top Democrats Are Trapped in a Catch 22

Top Democrats Are Trapped in a Catch 22

July 6, 2026
edit post
2 judges suspended in separate cases after being indicted on criminal charges

2 judges suspended in separate cases after being indicted on criminal charges

July 9, 2026
edit post
The oil majors are about to report booming profits. These smaller stocks may be better buys

The oil majors are about to report booming profits. These smaller stocks may be better buys

0
edit post
New York Mets tap Novig as prediction market partner as MLB embraces new betting sector

New York Mets tap Novig as prediction market partner as MLB embraces new betting sector

0
edit post
Mortgage Rates Today, Thursday, July 30: Stable for Now

Mortgage Rates Today, Thursday, July 30: Stable for Now

0
edit post
The men who become gentler after sixty aren’t the ones who mellowed, they’re the ones who quietly gave up three things, the need to be the most competent person in the room, the scorekeeping, and the belief that softness would cost them respect

The men who become gentler after sixty aren’t the ones who mellowed, they’re the ones who quietly gave up three things, the need to be the most competent person in the room, the scorekeeping, and the belief that softness would cost them respect

0
edit post
Forward-Deployed Engineers Are The Training Wheels For AI Reinvention

Forward-Deployed Engineers Are The Training Wheels For AI Reinvention

0
edit post
Personalizing Lifespan Assumptions For More Accurate Social Security And Retirement Withdrawal Recommendations

Personalizing Lifespan Assumptions For More Accurate Social Security And Retirement Withdrawal Recommendations

0
edit post
New York Mets tap Novig as prediction market partner as MLB embraces new betting sector

New York Mets tap Novig as prediction market partner as MLB embraces new betting sector

July 30, 2026
edit post
Forward-Deployed Engineers Are The Training Wheels For AI Reinvention

Forward-Deployed Engineers Are The Training Wheels For AI Reinvention

July 30, 2026
edit post
World Cup Prediction Markets Hit B as NFT Trading Reached M

World Cup Prediction Markets Hit $20B as NFT Trading Reached $24M

July 30, 2026
edit post
The men who become gentler after sixty aren’t the ones who mellowed, they’re the ones who quietly gave up three things, the need to be the most competent person in the room, the scorekeeping, and the belief that softness would cost them respect

The men who become gentler after sixty aren’t the ones who mellowed, they’re the ones who quietly gave up three things, the need to be the most competent person in the room, the scorekeeping, and the belief that softness would cost them respect

July 30, 2026
edit post
BenefitsCheckUp Can Match Seniors With Hundreds of Local Assistance Programs

BenefitsCheckUp Can Match Seniors With Hundreds of Local Assistance Programs

July 30, 2026
edit post
10 Skills Employers Want Most and How to Weave Them Into Your Resume

10 Skills Employers Want Most and How to Weave Them Into Your Resume

July 30, 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

  • New York Mets tap Novig as prediction market partner as MLB embraces new betting sector
  • Forward-Deployed Engineers Are The Training Wheels For AI Reinvention
  • World Cup Prediction Markets Hit $20B as NFT Trading Reached $24M
  • 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.