My thoughts about the market. DYOR. Not financial advice, just my opinions.
Joined January 2024
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🚨 LEGAL ALERT: Is @MEXC holding your crypto hostage?
Allowing customers to deposit and trade without KYC, but weaponizing sudden "AML/Risk Control" to block WITHDRAWALS is legally defined as a Bait-and-Switch and Civil Conversion (theft).
A thread on how to fight back. 🧵👇
John Dough retweeted
that's the thing. #mexc is not legit. Their #corruption is all out in the open now. Every human on the planet needs to stay far away.
EXHIBIT B: Instead of processing a legally mandated 'Restitution to Source', @MEXC Support has chosen to block me. Silencing whistleblowers does not stop the ESMA & Seychelles FSA investigations. Vugar @usithetalk, your compliance team is panicking. ⚖️🇪🇺 #MEXC #MEXCSCAM
🚨 GLOBAL INVESTIGATION UNDERWAY: Reports confirm @MEXC is under international scrutiny for market manipulation & system-lag liquidations. Seems to be actively stealing from users to cover their own fractional reserve holes. How long can CEO @usithetalk hide this? 📰🇪🇺👇 #MEXC
Legal precedent established. This proves @MEXC possesses the administrative capability to execute "Account Clearance" and offboard users without permanent biometric holds. Their "compliance" wall is a manual switch used to extort quiet users. ESMA dossier updated. ⚖️🇪🇺 #MEXC
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Spot on. Forcing KYC under the duress of frozen deposits violates the Proportionality Principle. Offshore exchanges farming retail biometrics create massive data breach liabilities. I've flagged this privacy risk in my ESMA & FSA filings against @MEXC. ⚖️🇪🇺 #releaseourfunds #mexc
Open Interest exceeding reserves by 457%" explains exactly why @MEXC is illegally freezing retail withdrawals. They lack the liquidity. I am finalizing evidence for ESMA showing MEXC explicitly refuses "Restitution to Source." This is Civil Conversion. ⚖️📉 #MEXC @usithetalk 👇
ScamAdviser flags MEXC as a potential scam! K33 Research confirms highly manipulated trading data, with Open Interest exceeding their reserves by a shocking 457%. Find out the full story in my article #ProtectYourCrypto #MEXC nitter.gq/outbid489/status/20415…
This is why @MEXC's EU MiCA license bid is in severe jeopardy. You can't operate a "ghost entity" while trapping retail liquidity & refuse source-wallet returns. @usithetalk a formal grievance regarding these "Risk Control" policies is in the works for ESMA. 🏛️📰 #releaseourfunds
18 global regulators issued official warnings against MEXC! The exchange operates without a license and hides its owners, physical address & legal entity in the User Agreement. You have absolutely zero legal protection there. #ScamAlert #MEXC
Solvent exchanges do not trap user funds behind fake "abnormal trading" flags. If @MEXC is blocking your exit, demand your keys before it's too late. Not your keys, not your coins. RT if your account is held hostage! 📉🏦 #MEXC #CryptoRun #FreeOurFunds
EXHIBIT A: @MEXC Support admitting IN WRITING that their "internal policy" overrides international AML laws.
They lure retail with a 10 BTC no-KYC limit, trap the deposits, and explicitly refuse a "Restitution to Source." This is a formal confession to Civil Conversion. 🧵👇
Vugar Usi @usithetalk, day 27 of your CEO tenure. Is this your "Transparency" mandate? While @Circle secures a MiCA license in Europe, your support agents are putting in writing that MEXC's policy is to steal unverified retail deposits. 🛑💸
A formal regulatory grievance citing this exact email is being prepared for the Seychelles FSA Enforcement Division and EU MiCA regulators.
@MEXC: Honor your publicized non-KYC contract. Enable "Reduce-Only" status and process the source return. ⚖️🔥 #MEXC #ReleaseOurFunds
#FreeOurFunds @MEXC operates a one-way street. Your deposits and trading fees are gladly accepted, but try to withdraw your own USDT and your account gets locked. This is textbook Unjust Enrichment. Unlock the accounts. 🛑💸 #MEXC #CryptoLaw
John Dough retweeted
So many customers are sounding the alarm on the #mexc #fraud. If you're one, don't surrender to their forms or give them your funds. Be loud that you are dissatisfied with their shady practices.
Always defended MEXC but MEXC is scam💯! Lured users like me in with "No KYC", takes your deposit but then don't allow withdrawal without KYC, no prior notice! They are stealing my funds! Thieves!
@usithetalk @cecilia_hsueh @DerrickYeo61993 @CoinDesk @Jamie_MEXC @yy_MEXC
John Dough retweeted
#Mexc extorting users for KYC isn't compliance. It's predation in a compliance costume.
A classic bait-and-switch.
Their form is a privacy disaster waiting to happen.
If you're affected, be loud. Don't accept the loss or fill out the form.
reddit.com/r/CryptoCurrency/…
Depositing on @MEXC? Beware. They weaponize arbitrary "Risk Control" algorithms to slap non-KYC users with 365-day withdrawal freezes to absorb retail liquidity. Civil conversion is a crime. The Seychelles FSA is watching. ⚖️🇸🇨 #MEXC #FreeOurFunds
