MEXC Apologizes for Freezing $3M of Crypto Trader’s Funds

Crypto exchange MEXC has issued a public apology after mistakenly freezing $3 million in funds belonging to prominent crypto trader ‘The White Whale.’ This incident arose following public backlash and intervention by on-chain investigator ZachXBT. MEXC’s actions were fueled by allegations of automated trading, but the trader claims innocence and pressure for the funds’ return led to the exchange’s reversal.