Mexc, a top 15 crypto exchange is allegedly banning profitable traders from their platforms and is keeping people’s funds.

Mexc is a really shady exchange, but is the top exchange by volume for moons so I assume many people in the sub use it and I would like to warn you guys of the potential risks of holding funds or trading profitably on mexc.

If you are a profitable trader I would not suggest using mexc as the exchange you trade on. They have a history of locking funds of users who are profitable. Another probable reason they can get away with doing this is because kyc isn't mandatory with mexc.

You can go through this tweet and read the replies etc to see that many people are affected by this. https://twitter.com/Glimmerycoin/status/1652215789649289216 In the replies you can even see a CEO of a market making firm confirm that they were booted from mexc so they could market make(manipulate) themselves.