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An email from MEXC was received, complete with an anti-phishing code and originating from the official domain. Its authenticity was confirmed through triple-checking.

The email stated:

“Our leadership team values cooperation with you highly and looks forward to having direct communication to fully understand your needs and expectations. Therefore, we warmly invite you for an in-depth discussion with our leadership.”

Upon verifying a TG ID, instead of meeting the "leadership team," only the Global Head of Customer Service appeared—whose identity was confirmed through several channels, including other MEXC employees.

Then the kicker: a demand to travel to Malaysia for "in-person KYC completion."

It needs to be pointed out: every form of KYC previously required, like live video and address verification, has already been completed. MEXC’s own Terms of Service don’t mention any need for in-person KYC.

Given the rise in crypto kidnappings, why would someone with over $100M on-chain willingly travel to another country and face an organization's pressure they've publicly criticized?

When the proposal was turned down, the response was revealing:

“But I understood that you’ve sought to hasten the unfreezing of your account.”

In other words, getting funds requires a plane trip.

This isn’t compliance but coercion. MEXC's actions are not about “verification.” They’re intimidation tactics masquerading as procedure. They're inventing obstacles not found in their own terms, holding rightful funds as leverage.

If it happens here, it can happen to anyone.

The pressing question remains: How much longer will the industry ignore while exchanges employ tactics suited to crime novels, not finance?

The attention is there, but perhaps the noise isn't loud enough yet. A message was sent to MEXC to return when they were ready to have a serious discussion.

🫡 From the depths — The White Whale 🐋