Crypto trader ups MEXC ‘bounty’ to $2.5M after in-person KYC request

The “White Whale” increased his social media pressure campaign to $2.5 million after claiming that MEXC requested an in-person KYC verification in Malaysia.

A cryptocurrency trader upsized his multimillion-dollar social media pressure campaign against MEXC after claiming that the digital asset exchange requested an in-person meeting to unfreeze the user’s $3 million worth of personal funds.

In July 2025, centralized cryptocurrency exchange (CEX) MEXC allegedly froze $3.1 million worth of personal funds without any terms of service violations, according to pseudonymous crypto trader the White Whale.

On Sunday, the trader launched a $2 million social media pressure campaign against the exchange, aiming to increase attention on the matter, after claiming that the exchange had requested a one-year review period before unfreezing the user’s funds, Cointelegraph reported on Monday.

Read more