MEXC Faces Heavy User Withdrawal Amidst Controversial Accusations

Global cryptocurrency exchange MEXC is experiencing a surge in withdrawals as users express mounting concerns about transparency and internal practices. This follows allegations of withheld funds and opaque operations that surfaced on the X social media platform, prompting substantial user backlash. On-chain data from CryptoQuant shows a sharp increase in Bitcoin withdrawals beginning in mid-2025 coinciding with the latest controversy surrounding MEXC. Outbound transactions spiked following months of relative calm, indicating users are withdrawing funds amid growing concerns over transparency and management.