A cryptocurrency dealer upsized his multimillion-dollar social media stress marketing campaign towards MEXC after claiming that the digital asset trade requested an in-person assembly to unfreeze the consumer’s $3 million price of non-public funds.
In July 2025, centralized cryptocurrency exchange (CEX) MEXC allegedly froze $3.1 million price of non-public funds with none phrases of service violations, based on pseudonymous crypto dealer the White Whale.
On Sunday, the trader launched a $2 million social media stress marketing campaign towards the trade, aiming to extend consideration on the matter, after claiming that the trade had requested a one-year overview interval earlier than unfreezing the consumer’s funds, Cointelegraph reported on Monday.
On Tuesday, the dealer introduced growing the “bounty” towards MEXC to $2.5 million, allocating an extra $250,000 for the group of customers who take part in his social media marketing campaign, which incorporates minting a free non-fungible token (NFT) on the Base community, tagging MEXC or its chief working officer’s X account with the “#FreeTheWhiteWhale” tag.
One other $250,000 will probably be donated to verified charities, wrote the White Whale in a Tuesday X post, including:
“I wish to be certain these video games cease.”
“We have to remind them: The minnows have gotten sharks – and sure, even whales. We’re not your prey anymore,” added the dealer.
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When initiating the preliminary $2 million social media marketing campaign, the dealer alleged that his account was issued a 12-month restriction for no clear guideline violations. He claimed that his account was extra worthwhile than the trade’s exterior market makers.
Nonetheless, account restrictions “are imposed strictly as a result of they triggered our danger management guidelines, not on account of profitability,” a spokesperson for MEXC instructed Cointelegraph, including the trade’s 12-month overview interval applies “solely to accounts concerned in coordinated violations, high-risk accounts, or compliance-related dangers, and doesn’t have an effect on all customers topic to danger management measures.”
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MEXC can’t comply with their very own rulebook: White Whale
The pseudonymous dealer determined to extend the funds shortly after he claimed that MEXC requested he fly to Malaysia to show his identification in individual to have his funds launched.
This falls exterior of the norm of cryptocurrency exchanges, which usually ask for proof of tackle or different identification paperwork which are submitted on-line throughout Know Your Customer (KYC) verification.
“I’m not a canine to come back when summoned – not for any sum of money. And I don’t must,” wrote the dealer within the Tuesday X submit, including:
“As a result of they’ll’t even comply with their very own rulebook, which makes no point out of in-person KYC necessities.”
Different crypto traders have additionally claimed struggling comparable account closures.
On April 17, crypto dealer Pablo Ruiz had his account frozen on account of a “imprecise danger management protocol, with out prior discover, clarification, or any alternative to cooperate.”
“Since then, practically 3 months have handed, and my funds — totaling $2,082,614 USDT — stay totally inaccessible,” wrote Ruiz in a July 13 X post, including that his account was additionally subjected to a overview interval of twelve months, set to finish in April 2026.
The dealer shared screenshots of an e mail stating the danger management course of was accomplished, “but help insists the overview is ongoing, revealing an INTERNAL CONTRADICTION and an entire lack of transparency,” he stated.
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