Crypto users and analysts are increasingly alarmed by the MEXC exchange due to reports of account freezes and withdrawal limitations. Previously, Coinbase faced similar issues but managed to reduce account freezes by 82% after CEO intervention. MEXC is accused of arbitrary account suspensions and potential insolvency, leading to a growing trust crisis among users. DeFi researcher Master highlighted that high-net-worth individuals have been disproportionately affected, with MEXC's automated support failing to address their concerns. Users have reported vague notifications of 'abnormal activity' before their accounts were frozen, with one individual detailing a frustrating experience of a pending withdrawal that went unresolved for days. MEXC has not publicly addressed these allegations, although it previously claimed to combat market manipulation. Critics argue that the vague reasons for account freezes may be a tactic to delay legitimate withdrawals. This situation is particularly concerning as user sensitivity to account freezes is heightened, especially following Coinbase's recent improvements in customer service. Read more AI-generated news on: https://app.chaingpt.org/news