Greed is one factor of human life which when untamed leads to a straight downfall.

Greed is the reason Do Kwon did whatever he did to caused Luna to crash, it is the reason FTX went bankrupt and but it may not be the reason why you are not making profits when trading in mexc.

I am it is still the reason but it is their greed not yours.

When I newly started on crypto, I was interested in the quick profits and since Binance doesn't list most of those big movers I went to MEXC, a move which I really regretted and got my REKTed.

It is no news that MEXC has been running some shady things under the hood and has not been under the canopy of trusted exchange for most people....but denying customers withdrawal due to market volatility.....bro, WT.....this is crypto, it is meant to be volatile.

There has lots of reports about MEXC coming up with different excuses for withdrawals and success of trades, but the one below really caught me.

I’m gonna ask my bookie to clawback my abnormal losses gambling. 

MEXC sending messages like this to users that are making too much money with leveraged futures as the market goes up only and it can’t cash out winners since it’s not properly hedged. This isn’t even a real crypto exchange. It’s a casino getting beat by its players and can’t pay.

This is really not a good time to get news like this as the SEC is looking for a reason not to sign the BTC ETF. 

There are allegations flying around that MEXC is responsible for creation of several hundreds of shitcoins on the platform without liquidity. 

And so they provide the 90% of the liquidity for trades and when a trader makes money from these coins, they find it hard to pay out because the money has to come from their own Treasury.

It will be safer at this point to try and get any funds you have there out, because the exchange may file for bankruptcy soon. These are the same steps that FTX followed.

Hope you learnt something today, I am ticktalker and I always post crypto/educative contents.

Making each day count in the world of crypto is crucial for success. Plan, research, and learn to stay ahead. Keep pushing, legends! 💪💯

Until next time, stay SAFU.

Please whatever is written in the article above is for educative purposes only. I am not a financial advisor.

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