Crypto Drama: Whale Told to Fly to Malaysia for $3.1M Release! 🐋✈️

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So, picture this: a crypto whale, let’s call him “White Whale” (because why not?), has a whopping $3.1 million frozen on the MEXC exchange. And what does MEXC suggest? A little jaunt to Malaysia! Yes, you heard that right. Apparently, to prove his identity, he needs to hop on a plane and have a face-to-face with the big wigs. Because nothing says “trustworthy financial institution” like a spontaneous trip to Southeast Asia! ✈️💸

According to some rather juicy screenshots shared by our friend White Whale, MEXC’s global head of customer service extended an “exclusive invitation” for an “in-depth communication” about those frozen assets. I mean, who wouldn’t want to discuss their life savings over a plate of Nasi Lemak? 🍚

Now, let’s be real. This whole flying-to-Malaysia thing is a bit outside the usual crypto exchange playbook. Normally, “Know Your Customer” means sending in a few documents online, not booking a flight and packing your bags. But hey, maybe MEXC is just trying to spice things up? 😏

White Whale also revealed that MEXC dangled the carrot of a potential partnership and “trading perks.” But, in a plot twist worthy of a soap opera, he turned them down, citing safety concerns about flying to a foreign country while protesting against them. Because, you know, crypto kidnappings are totally a thing now! 🦁

“Crypto kidnappings are on the rise – why would someone with over $100M on-chain ever agree to fly to another country and enter the lion’s den of an organization he’s publicly protesting against?”

MEXC Claims No Freezing Without Reason

In a classic “we’re not the bad guys” move, a MEXC spokesperson told CryptoMoon that they “strictly adhere to risk management policies” and don’t freeze assets without a valid reason. Sure, Jan. They went on to list all the reasons they might freeze funds, like price manipulation and wash trading. Sounds like a fun party! 🎉

But, of course, they didn’t address the whole “fly to Malaysia” offer. Because why would they? 🙄

White Whale’s Social Media Pressure Campaign

Our crypto whale has been putting the pressure on MEXC to release his funds. He’s completed all the KYC checks-face verification, phone number, home address-and pointed out that MEXC’s Terms of Service don’t mention anything about in-person KYC. So, what gives? 🤔

Earlier this week, White Whale launched a $2 million social media campaign to make MEXC hand over the cash. The plan? Mint a free NFT on the Base network and tag MEXC or its COO on X with the hashtag “#FreeTheWhiteWhale.” Because nothing says “give me my money” like a digital collectible! 🎨💰

And here’s the kicker: if MEXC releases the frozen funds, a $1 million USDC bounty will be split among the first 20,000 NFT holders. Talk about a win-win! 🏆

Not the First MEXC User to Complain

White Whale isn’t alone in his plight. MEXC’s responses to complaints have been eerily similar to their statements from March, when they faced a wave of “ungrounded allegations” about freezing customer assets.

Another user, Pablo Ruiz, had over $2 million worth of Tether (USDT) frozen in April due to a “risk control” protocol. And what did he get? A lovely automated response saying his account review would take 365 days. Because who doesn’t love waiting a year for their money? 📅

So, here we are, folks. A crypto whale, a mysterious invitation to Malaysia, and a whole lot of frozen funds. What could possibly go wrong? 😅

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2025-08-26 08:14