Overview
- The crypto trader announced on X that he is withdrawing his unpaid offer to advise MEXC, calling proposed reforms insincere.
- He argues the exchange’s Proof of Reserves shows assets only and lacks independently verified liabilities, which he describes as deceptive marketing.
- He alleges a user reported a $4,000 confiscation under Risk Control Guidelines that rely on terms like “suspected,” enabling permanent seizures.
- He says the exchange erased that user’s transaction history after the seizure, making it harder to challenge the action.
- He says he sought a mutual NDA in talks but rejected a non-disparagement clause and urged MEXC to refer suspected crimes to law enforcement instead of holding customer funds.