The recent asset freeze by Bitcoin exchange MEXC has sparked controversy within the cryptocurrency community. Investors’ reactions to the freezing of profits from the YGG-USDT trading pair caused increased concerns. Let’s look at the details.
Asset freeze by Bitcoin exchange MEXC
In the cryptocurrency world, stock market moves always attract attention. In unfavorable situations, especially traders’ voices begin to emerge. The last example came from MEXC. Recently, the Bitcoin exchange MEXC has been on the agenda. In the YGG-USDT trading pair, the assets of the investors who make a profit are frozen. For this reason, it became the focus of attention of the crypto money industry. The stock market cites “abnormal data” as the reason behind this move. However, the announcement caused a wave of reactions from traders and investors.
Despite the clarifications provided by MEXC, many cryptocurrency investors are unhappy with the handling of the situation. The exchange’s announcements failed to quell concerns and criticism from the community.
Opinions of a MEXC official
Bitcoin exchange MEXC froze the assets of investors who profited from the YGG-USDT trading pair. On the other hand, the stock market stated that it has reimbursed those who suffered losses due to the same anomalies. The exchange claims that it will continue to compensate investors who have suffered losses. However, the Bitcoin and cryptocurrency community was not satisfied with the explanations. Still, the stock market continues to explain.
An official of the Bitcoin exchange MEXC, named Duygu, is making a statement on Twitter to share additional information about the situation. According to Duygu, an investor who made a profit of 40,000 dollars from the abnormal data in the YGG/USDT rate reached them. The investor’s principal was not confiscated and his balance was not touched. The investor was able to withdraw $10,000 in profits before the stock market detected an anomaly and frozen the account.
Ongoing discussion and resolution
In the statement of Duygu, the official of the Bitcoin exchange, it was emphasized that the gain was caused by an anomaly in a trading pair and had already occurred on the MEXC exchange. It was clarified that the situation was not related to the funds confiscated, but rather a response to abnormal trading activity.
cryptocoin.com When we look at it as a whole, the Bitcoin exchange MEXC’s freezing of assets related to the YGG-USDT transaction rate has caused controversy and concern in the crypto community. Accordingly, despite the statements and statements from the stock market, some investors were not satisfied with the handling of the situation. On the other hand, as the situation unfolds, the ongoing discussions highlight the importance of transparent communication and fair practices in the cryptocurrency exchange ecosystem.
