A cryptocurrency trader launched a $2 million social media campaign against MEXC after the exchange froze $3.1 million of his funds without violating terms of service. The trader then increased the bounty to $2.5 million, urging users to join the campaign by minting an NFT with the hashtag #FreeTheWhiteWhale.

MEXC faces criticism as the trader alleges the exchange requested an in-person meeting in Malaysia to release his frozen funds, contrary to standard KYC verification procedures. Other users, like Pablo Ruiz, have reported similar account closures and frozen funds due to vague risk control protocols, with no clear explanations or resolution in sight.

Read more at Cointelegraph: Crypto Trader ups MEXC ‘bounty’ to $2.5M, after in-person KYC request