The MEXC Exchange Addresses Insolvency Rumors and Deleted Twitter Account
The MEXC exchange is responding to rumors of insolvency and the deletion of their CEO’s Twitter account. Community members discovered that the CEO had deactivated their account, leading to concerns about frozen funds on the platform.
Former MEXC CEO John Chen Resigned in December 2022
It was revealed that the original CEO left the position in July 2022 and officially resigned from MEXC in December of the same year. The exchange clarified that the deleted Twitter account was not officially verified by MEXC and did not make an announcement about its deletion.
The account in question was linked to John Chen, as indicated by screenshots of old posts from the company.
MEXC Admits Use of Deactivated Account
MEXC admitted to using the deactivated account for promotion and brand engagement but previously claimed it was a fake account. The exchange has yet to respond to requests for comment from BeInCrypto.
Chen’s LinkedIn Profile Still Lists MEXC Affiliation
Despite leaving the company a year ago, John Chen’s LinkedIn profile still shows his affiliation with MEXC. Community members have also questioned the identity of the new CEO.
Hot Take: Uncertainty Surrounding MEXC’s Leadership Raises Concerns
The controversy surrounding MEXC’s CEO and the deletion of their Twitter account has raised doubts about the exchange’s leadership and financial stability. With frozen funds and unanswered questions, users are rightfully concerned about the future of their investments on the platform. It is crucial for MEXC to address these issues promptly and provide transparent communication to regain trust from its users. The situation highlights the importance of transparency and accountability in the cryptocurrency industry.
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