Many crypto users and industry observers are raising red flags about global exchange MEXC over account freezes and withdrawal restrictions. Coinbase exchange used to follow the same path before the platform’s CEO committed to reducing account freezes by 82%. MEXC Faces Trust Crisis as Withdrawal Restrictions Raise Red Flags MEXC exchange faces accusations, ranging from arbitrary account freezes to possible insolvency. User concerns suggest that a widening trust crisis may be forming around the platform, with some warning of patterns consistent with Ponzi-like behavior
source: https://beincrypto.com/mexc-criticism-account-freeze-insolvency-fears/