MEXC Apologizes and Releases $3 Million After Wrongful Freeze of "White Whale" Trader's Assets

Crypto exchange MEXC has issued a public apology and released $3 million in assets belonging to a prominent trader known as "The White Whale." The exchange admitted to mishandling the case, which involved freezing the trader's funds for months. The situation gained significant attention after on-chain investigator ZachXBT intervened, prompting MEXC's leadership to address the controversy.