Key Notes

About $5.5 billion had been withdrawn from MEXC within a short time.

Users are now facing delays in withdrawals and suspect that the firm is in the middle of undisclosed insolvency.

MEXC has denied the claims and promised to update its Merkle tree data later, allowing users to verify the reserves directly.

There are suspicions that cryptocurrency exchange MEXC is facing insolvency, especially after massive withdrawals were noticed on the platform. Users reportedly experienced delays when attempting to withdraw their funds. This was after about $5.5 billion had been taken out of MEXC within a short time.

MEXC Denies Insolvency Rumors

Recently, MEXC users experienced some difficulties withdrawing their funds from the platform. Before then, a massive withdrawal of funds from t

See Full Page