About three months after freezing $3 million worth of a crypto trader’s funds, MEXC exchange apologized and released the funds. The exchange’s CSO admitted to mishandling the situation with the White Whale. The trader launched a $2.5 million campaign against MEXC, intending to distribute the released funds to supporters and non-profit organizations.

The White Whale criticized MEXC’s apology, claiming it lacked specificity. He vowed to pursue hundreds of similar cases to recover frozen funds for other traders. Following the resolution, a Reddit user highlighted the importance of social media in holding exchanges accountable for freezing legitimate traders’ assets.

After the release of the funds, MEXC’s token (MX) price dropped by 3.5%. Despite the resolution, many users still blame the exchange for mishandling the situation with the White Whale. The trader remains committed to seeking justice for other affected users and distributing the recovered funds to supporters and charities.

Read more at Cointelegraph.com

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3. Dogecoin experiences a sharp drop in value after Elon Musk’s appearance on Saturday Night Live fails to meet expectations.: MEXC Apologizes to ‘White Whale’ Trader over $3M Freeze