MEXC urged to calm down on the canceled ‘CEO’ account
Crypto exchange MEXC has been forced to fend off speculation that the recently deleted X (formerly Twitter) account under the name “MEXC_CEO” could be a sign of trouble within the organization.
On December 24, MEXC posted a post expressing “confusion” over the sudden removal of the MEXC_CEO account from Twitter, which some users thought was its CEO John Chen Ju.
Clarification on the recent MEXC_CEO Twitter account confusion
Recently, there are rumors on social media about MEXC_CEO's Twitter account. We apologize for any confusion caused by this incident and would like to clarify the following.
MEXC CEO Account Timeline: On… pic.twitter.com/xnwxylMEYy
— MEXC (@MEXC_Official) December 24, 2023
The account cancellation added to fears that the crypto exchange could be in trouble – after several traders reported their accounts had been closed since December 16, and some users said they had difficulty withdrawing crypto from the exchange.
However, when MEXC was once officially used to promote the account, the company's CEO resigned in July 2022 and said that since then the individual associated with the account has had no contact. He said.
MEXC never has an official CEO account. The captured account is a fake account disabled by X. Users are encouraged to check MEXC official channels here https://t.co/1xKCnRu8k5
— MEXC (@MEXC_Official) December 24, 2023
MEXC admitted that it did not make a separate announcement when this happened, causing widespread confusion and confusion when the account was suddenly canceled without notice.
“We sincerely apologize for any confusion caused by this incident,” the exchange said. The company said it aims to make public announcements of all significant personnel changes, including public media accounts, going forward.
Related: Traders report frozen assets, account suspensions on MEXC
Meanwhile, the exchange said it was fighting “misinformation and baseless claims” aimed at “damaging the platform”.
Over the past few days, a number of users have reported issues and delays with X – most of which seem to involve Kaspa (KAS) tokens.
Cashing out on @MEXC_Official is a bit late I hear.. even on smaller networks like Koinos pic.twitter.com/wEx8qz0B3w
— Dr. Martin Hisboeck (@MHiesboeck) December 24, 2023
However, MEXC confirmed that the exchange is “operating stably and all systems are normal”.
“Please do not be misled by rumors or individuals with ulterior motives. We strongly oppose any form of defamation and/or spreading false information,” he said in a Dec. 24 post on X.
“We reserve the right to take legal action in response to such baseless allegations.”
Magazine: Deposit Risk: What do crypto exchanges do with your money?
