Recently, there have been many cases on the MEXC exchange where users’ assets and profits are seized by the exchange or are subject to abnormal liquidation.
I will tell many people about this.
To prevent more victims, we will talk about MEXC’s problems in detail.
The recent problems occurred with the ANC and YGG trading pairs.
1. The mexc exchange froze and took away the assets of users who traded YGG.
2. ANC liquidated users by forming a futures price that was dozens of times different from other exchanges.
These issues have already been widely known within the Korean community.
Why did this happen?
Let me summarize the problem.
ANC case
- In MEXC, abnormal prices are reflected in futures trading and a large number of users are liquidated.
- Users are abnormally liquidated by forming futures prices at tens of times the price of other exchanges.
- In addition to the price issue, MEXC’s own errors also occurred.
- They said they would compensate the victims, but they did not compensate them properly.
Original post (Korean blog site)
https://blog.naver.com/michelan01/223187648332
YGG case
- Freeze and confiscate the assets of users who used YGG futures trading at a specific time
- Assets are not returned due to irregular transactions.
The problems are so serious that some users have received compensation, but there are many more who have not received compensation and are still not receiving compensation.
Original post (Korean blog site)
https://blog.naver.com/chdyno1/223181920911
I don’t want users to suffer any further damage from the MEXC exchange.
The situation is making it difficult to trust the exchange.
Be careful with the MEXC exchange. This is an exchange with dangerous risks.
