MEXC has tightened its risk control and compliance measures, saying the initiatives aim to curb fraudulent trading activity, restrict harmful bots, and safeguard retail users in increasingly complex markets.
The exchange reported that 17,000 accounts connected to fraud syndicates were restricted during July and August, while over 2,000 bot accounts were also removed. MEXC said the measures are necessary to prevent unfair competition and strengthen trust among retail traders, who are often disadvantaged in markets dominated by automated strategies.
The company also disclosed that a number of accounts had been flagged for regulatory risk, leading to temporary withdrawal freezes until enhanced verification was completed. Most accounts have since been reinstated, but some remain under review.
The heightened scrutiny follows a public dispute with TheWhiteWhale, a KOL who accused MEXC of freezing his account and subsequently launched a $2 million campaign criticizing the exchange. MEXC responded with a statement, suggesting the case was tied to compliance-related issues, adding that all actions were aligned with regulatory requirements.
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