Community post
White Whale Exposes MEXC Risks
If this article is credible, this should alarm big accounts using the MEXC platform. In my case, I have nothing to worry about because my fund rarely reaches $200.00.
The complainant is referred to as the "White Whale." He has four issues with the crypto exchange:
- Transparency
- The uselessness of proof of reserve because of the absence of a liability audit
- Removal of transaction history, and
- Seizure of the user's funds suspected of terms' violation
The above issues are inherent risks of trading crypto on centralized exchanges. If a trader is not satisfied with the services of CEXes, it is better to stay in DEXes.
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