Interview with White Whale and Mexc – the truth behind the 3 million dollars frozen money star-news.press/wp

The trader known as the white whale broke his silence in an exclusive conversation with beincrypto. He presented his direct novel to the controversy surrounding mexc and freezing more than $ 3 million of his money.

His remarks delivered a new light on an epic that sparked discussions on Crypto Twitter, ignited a support campaign at the base level, and put up Exchang (CEX) according to the limelight.

The white whale refuses to freeze Mexc worth $ 3 million, as the stock exchange faces the rising audit

In encryption, there is rarely something like an isolated conflict. A single trading closed money can become a spark that ignites wider questions about confidence and transparency and whether CEXS is still safe places for trading.

This is exactly what happened in the white whale. The prominent trader says that MEXC freezes $ 3.1 million of his money and gave “ridiculous” and “unwritten” warning.

Mexc demands to fly to Malaysia for personal verification at the heart of the conflict. For the white whale, this is where the principle is crucified to an absolute number.

“The only acceptable accuracy is simple: I immediately liberate my money. I am not a criminal. I have not broken any rules. Meanwhile, MEXC divides the conditions of service by insisting that the only decision is a face-to-face meeting-something that does not appear anywhere in their user agreement,” he started.

Speaking to Beincrypto, the White Pisces said that he initially considered the demand, but his security team insisted that his safety was not guaranteed in a foreign state.

“I have a wife and two young two years at home. Some things deserve more than money,” he said.

However, even after safety anxiety, he insists that the request is unacceptable because it rewrites the rules.

“Exchanging like Mexc cannot change the book of rules whenever they feel it. They have given me a set of rules in their service terms. I have followed these rules. Now they transfer goals in the middle of the game. This does not happen – not me or anyone.”

Mexc cite the risk of compliance

To ensure unbiased reports, beincrypto also communicated with Mexc for an official response to White when.

The Stock Exchange did not explain the “KYC Personal” policy, noting the regulatory requirements. MEXC spokesman said that the comment on Kyc white whale will form “launch”.

Beincrypto Mexc asked about the online screenshots, indicating the stock exchange representative directly asking the victim to travel to Malaysia and verify his identity. In response, Mexc said the following:

“Mexc recently continued to enhance the risk control framework, with a special focus on enhancing compliance risk management. During our review, we have identified that some user money has potential risks. Thus, we have imposed on restrictions on temporary withdrawal and asking affected users to complete for advanced verification. The official spokesman.

The legal procedure against mexc is not an option for a white whale

One of the most exciting parts in this issue is the recognition of the white whale that legal asylum is primarily outside the table.

While he revealed access to wonderful lawyers, they told him that the Mexc Entity structure and the conditions of service make a legal solution next to the design.

This, he says, is exactly the goal of his campaign. If traders are not able to rely on courts, collective pressure becomes the only weapon.

“The voice of people is all that remains. That’s why I do this,” the white whale is disclosed.

From the discipline of the cockpit to the encryption war: a battle for CEX transparency?

In the interview, the white whale described its approach to trading through the lens of its previous career as a pilot, where discipline was very important.

He said: “Before making a review list on the plane, you make a reference list on yourself. If it is tired, emotional, tense or dispersed, you do not fly. This same principle applies to trading. Discipline begins before trade.”

However, this discipline has been tested in recent weeks. Instead of overcoming data and settings, he was forced to enter a general battle with one of the largest exchanges in this field.

He said: “Perhaps distraction has cost me more in the chances of trading more than the money that I am trying to recover, and most of them give it. But some battles deserve the cost. This is one of them.”

The turning point came when the white whale launched a $ 2 million bonus campaign, linked to the NFT (non -violation) claim system.

This helped him draw attention to his cause and support society. Within a few days, it was reported that more than 24,000 wallets have been shared.

However, the white whale said it was not about money. Instead, it was about the principle.

“If you have to continue to expand its range to 100 % in the end, I am ready to do this.”

The campaign had the effects of ripple within the mexc itself. Beincrypto has received reports that this particular issue was a fixed topic in the recent internal decline of the company in Bali.

The white whale insists that its case is far from unique, noting that hundreds of merchants have the same story.

“Not all of them can be bad actors. There is mainly wrong with mexc,” note.

When asked about other central exchanges, the white whale mentioned that he had no problems with any other exchange. Most of his trading is currently at the liquid height, but his negative experience so far has only come from Mexc.

Proof proof of concerns

This clicks on a wider case that Crypto has struggled since the FTX collapsed in 2022: CEXS reliability and PROOF-ORSEREVES (Por).

While many CEXs rushed to publish audits or information boards after the FTX collapsed, critics argue that most of these “proofs” are only clips of internal numbers.

White whale is not the first user to criticize mexc recently. There were many fears that were marked on social media.

Beincrypto asked the exchange of allegations of non -persecution and issues with proof. The stock exchange denied any claims about misconduct and made the technical details of the reserve structure.

The Stock Exchange said that instead of third -party audits, it reveals all the headlines and the source symbol, allowing users to conduct independent verification. The platform provides a verified proof mechanism.

Our guide to reserves is used as Merkel tree structureIt is completely transparent and allows any user to verify independently. In addition, MEXC previously created a $ 100 million trial finance To protect the user’s assets, with the address that was publicly unveiled to verify

What does it mean for encryption

White Whale campaign strikes in the event of deeper relaxation in Crypto. On the one hand, there is tension among merchants who appreciate transparency. On the other hand, the central platforms are still working with non -transparent structures.

Since I faced FTX and Binance Exchange and others, all of which are increasingly scrutinized on their public budgets and reserve reports.

For a white whale, the question is not only 3 million dollars. Instead, it comes to whether the industry will tolerate exchanges that provide arbitrary demands and implement unwritten rules in contracts.

Meanwhile, the confrontation continues, as Mexc does not budge on its personal KYC requirements.

“Our priority is to ensure that all procedures, including a review of KYC compliance and risk control, transparent, united and compatible with global regulations. Clear and transparent policies governing all user actions, and any official communication from Mexc will always comply with these standards,” told mexc Beincrypto.

For his part, the white whale undertakes not to comply. Instead, he continues to publish daily updates, while maintaining the campaign alive and increasing pressure.

Whether Mexc coincides or not, the issue is already serving its purpose, forcing the encryption community to reconsider the issue of basic trust in the central platforms.

This question cannot be more urgent in the market that is still inhabited by collapsed stock exchange ghosts.

Beyond interview with White Whale and Mexc – the truth appeared behind the 3 million dollar frozen money first on Beincrypto.

[og_img]

2025-08-28 20:04:00