White Whale Exposes MEXC Risks

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If this article is credible, this should alarm big accounts using the MEXC platform. In my case, I have nothing to worry about because my fund rarely reaches $200.00.

The complainant is referred to as the "White Whale." He has four issues with the crypto exchange:

  • Transparency
  • The uselessness of proof of reserve because of the absence of a liability audit
  • Removal of transaction history, and
  • Seizure of the user's funds suspected of terms' violation

The above issues are inherent risks of trading crypto on centralized exchanges. If a trader is not satisfied with the services of CEXes, it is better to stay in DEXes.

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