Sign in Subscribe

Live Feed

MEXC Exec Promises Changes After Frozen Crypto Millions

MEXC, a centralized cryptocurrency exchange, has faced backlash after freezing the account of pseudonymous trader The White Whale, who had $3 million locked for months. Initially, MEXC claimed the account was frozen due to violations of their terms related to trading activity. Following significant public pressure and support from the crypto community, the exchange apologized and returned the funds, acknowledging they mishandled the situation. Cecilia Hsueh, MEXC's CSO, admitted the company needs to improve its processes and communication and announced plans to establish a fast-track channel for resolving similar account issues. Many users have reported experiencing comparable account freezes. The situation has led to a spike in withdrawal requests from MEXC, indicating widespread concern among the platform's users about its reliability and responsiveness.

Source 🔗

Read next

JPMorgan and DBS Bank Team Up on Cross-Border Tokenised Deposit Framework

JPMorgan and DBS Bank are collaborating to create a framework that enables the movement of tokenised deposits across different blockchain networks. This innovation aims to link DBS Token Services with JPMorgan’s Kinexys, facilitating cross-bank and cross-chain settlements, which could reshape interoperability in institutional digital payments. Both banks currently support

Gemini Share Price Drops After Missed Earnings Estimates

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, experienced a significant drop in share price following its first earnings release since going public. The company's third-quarter financial results revealed a net loss of $159.5 million, or $6.67 per share, which was deeper than analysts'

JPMorgan and DBS Bank Team Up on Cross-Border Tokenised Deposit Framework

JPMorgan and DBS Bank are collaborating to create an interoperability framework for tokenised deposits, enabling institutional clients to transfer these deposits across different blockchain networks. This system aims to link DBS Token Services with JPMorgan's Kinexys, facilitating cross-bank, cross-chain settlements. The initiative will allow real-time transfers between the