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MEXC Clarifies Rumors after Abrupt Deletion of 'MEXC_CEO' Twitter Account

Algoine News
Summary:
MEXC, a cryptocurrency exchange, addresses rumors following the sudden removal of a Twitter account named "MEXC_CEO". The exchange revealed the account had no actual connection with the company since the departure of the original CEO in July 2022. The discontinuation stirred concerns due to previous reports of account freezes and withdrawal issues. MEXC insisted that its operations are running smoothly, refuting misinformation and reassuring users, even threatening legal action against baseless accusations.
MEXC, a cryptocurrency exchange, has attempted to quell rumors after a Twitter account named "MEXC_CEO" was abruptly erased, fueling concerns about the exchange's stability. MEXC issued a statement on December 24th, addressing widespread confusion over the sudden disappearance of the account, which some believed was owned by its CEO, John Chen Ju. Social media rumors about the MEXC_CEO Twitter account have been swirling, and MEXC has broken their silence to apologize and dispel any misunderstandings caused by this event. The discontinuation of the account fueled anxieties already heightened by reports from traders of account freezes from as early as December 16th. There were also troubling reports of users experiencing obstacles when trying to withdraw cryptocurrency from the exchange. MEXC disclosed that while the account was once officially used to market the firm, the CEO originally linked to the account left the company in July 2022 and since then, the account has no genuine association with MEXC Official. The exchange emphasizes it has never had an official CEO account and the one in question was a fraudulent one that has been deactivated by Twitter. MEXC's lack of a formal announcement when the original CEO left led to broad misunderstanding and surprise when the account vanished without a trace. The exchange expressed sincere regret for any confusion caused by this closure and pledged to notify the public of noteworthy staff changes impacting official media accounts in the future. In addition, MEXC admitted to grappling with a surge of false claims and misinformation aimed at tarnishing its reputation. Several users reported withdrawal issues and delays on Twitter in the recent past, frequently involving Kaspa (KAS) tokens. Nonetheless, MEXC maintains that their operations are running smoothly and their systems are fully functional. They sent out a plea to their users not to be swayed by baseless rumors or individuals with hidden agendas. They strictly denounced any acts of slander or misinformation spread about the platform. They warned that they hold the right to resort to legal action against such groundless claims.

Published At

12/25/2023 8:03:27 AM

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