Cryptocurrency exchange MEXC saw increased activity on its platform on Friday, October 31st, with several users seemingly moving their assets away. These massive withdrawals coincided with the exchange’s chief strategy officer’s public apology for mishandling a situation with a user with the pseudonym The White Whale.

Earlier in July, The White Whale claimed that MEXC froze over $3.1 million worth of his personal funds without any terms of service violations. The crypto user later launched a $2 million social media pressure campaign against the exchange, claiming that the trading platform had requested a 12-month review period before unfreezing their funds.

The White Whale said the “vague review” allowed the exchange to hold customers’ money hostage despite having completed the platf

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