Crypto trader’s $ 2M social pressure campaign claims mexc frozen $ 3m for one year
A cryptocurrency businessman has launched a $ 2 million social media pressure campaign against Mexc, claiming that the digital asset exchange has frozen more than $ 3 million worth of his personal funds for no clear reason.
In July 2025, Centralized Cryptocurrency exchange .
In response, the businessman launched a $ 2 million social media pressure campaign against the MexC, claiming that the exchange would have requested a year’s review period before the user’s funds were released.
“I’m putting a $ 2m kindness for Grabs (half can you claim),” The White Whale wrote a week x PostAdding:
“What kind of review takes 12 months – without a update, document, or charge?”
Many other merchants are affected by similar accounts of the account, the businessman said, adding that the most successful industry participants were “punished for winning.”
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In response to the suspension of his account, the businessman launched a social media campaign, requesting that users mint a free invisible token (NFT) on the base network, tag Mexc or the chief operating officer of X account with “#freethewhitewhale” tag, and change their profile photos of the upper image.
For the completion of these tasks, $ 1 million of large amounts are evenly divided into the first 20,000 NFT holders, awarding each holder $ 50 USDC (USDC), Mexc has been issued frozen funds.
Another $ 1 million value of the USDC will be allocated to “prove, carefully -Vetted charities,” with the businessman who promises onchain receipts after donations.
The businessman claimed that the exchange had completed Meet your customer (KYC) Verification Process.
Cointelegraph is unable to verify the frozen account independently. Cointelegraph approached Mexc to comment on this.
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‘White Whale’ says
The businessman announced that his funds were frozen for being more profitable than the exchange Crypto Market makersCompanies or individuals who provide liquidity by placing the same buying and selling orders to ensure proper trading.
“My thoughtful guilt? I’m too profitable,” the pseudonymous businessman wrote, added:
“I continue to defeat their external market manufacturers – companies that they are quietly partners to be counterparted in trade (this is a public record).”
Crypto Market makers is among the most misunderstood participants of the digital asset market, which entrepreneurs often blame for deliberately manipulating cryptocurrency prices, despite lack of evidence.
However, research suggested from Acheron Trading 78.5% of the new crypto The launch between April and June 2024 was carried out in a way that interrupted the fair price detection, affecting both the end-users and the projects themselves.
Moreover, 69.9% of the major token lists are “parasitic,” which means market makers exploit premarket conditions by creating artificial deficiencies and emotions around the token.
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