MEXC Exchange Faces User Exodus Amid Bankruptcy Speculation and $3M Account Freeze

Seychelles-registered crypto platform MEXC experienced a surge in user withdrawals on Friday following social media allegations of financial instability. A trader known as "The White Whale" reported his account holding $3–5 million was suspended without bot usage, triggering community warnings. The exchange's Chief Strategy Officer issued a public apology and confirmed the funds were released, according to her social media statement.