{"id":14976,"date":"2025-11-02T15:28:02","date_gmt":"2025-11-02T15:28:02","guid":{"rendered":"https:\/\/bitunikey.com\/news\/the-white-whale-steps-in-to-help-mexc-revamp-business-practices\/"},"modified":"2025-11-02T15:28:08","modified_gmt":"2025-11-02T15:28:08","slug":"the-white-whale-steps-in-to-help-mexc-revamp-business-practices","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/the-white-whale-steps-in-to-help-mexc-revamp-business-practices\/","title":{"rendered":"The White Whale steps in to help MEXC revamp business practices"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Crypto trader The White Whale has offered to serve as an unpaid advisor to MEXC following the resolution of a months-long dispute over $3.15 million in frozen funds.<\/p>\n<div id=\"cn-block-summary-block_fdd80b78a0b791b78de9d137c79ac0fe\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>MEXC unfroze $3.15M after public backlash and apology from CSO Cecilia Hsueh.<\/li>\n<li>Trader The White Whale offered to serve as unpaid advisor to help rebuild trust.<\/li>\n<li>White Whale defended Hsueh against false rumors, urging community integrity.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The prominent trader extended the offer after an hour-long video call with MEXC Chief Strategy Officer Cecilia Hsueh.<\/p>\n<p>\u201cIf you truly want to fix what was broken \u2014 I\u2019ll support you. I\u2019ll make myself available as an unpaid advisor,\u201d The White Whale wrote on X.<\/p>\n<p>Hsueh <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/cecilia_hsueh\/status\/1984792264460095713?s=46\" target=\"_blank\" rel=\"nofollow\">accepted<\/a> the offer and stated that MEXC is \u201ccommitted to building a new MEXC: more transparent, more user-centric, and stronger than before.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/MEXC_Official?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@MEXC_Official<\/a> <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/cecilia_hsueh?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@cecilia_hsueh<\/a> <\/p>\n<p>My offer on our hour-long video call was sincere. <\/p>\n<p>If you truly want to fix what was broken \u2013 I&#8217;ll support you. I&#8217;ll make myself available as an unpaid advisor. <\/p>\n<p>You know who I am. I&#8217;ve built consumer-facing web2 empires from scratch, operated\u2026<\/p>\n<p>\u2014 The White Whale (@TheWhiteWhaleV2) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheWhiteWhaleV2\/status\/1984682769902158247?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 1, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\">MEXC unfroze funds after public pressure campaign<\/h3>\n<p>The dispute began in July when MEXC froze The White Whale\u2019s account citing vague \u201crisk control\u201d protocols. The exchange alleged the trader had placed two orders within the same second.<\/p>\n<p>The White Whale went public with the situation in August 2025, claiming his only offense was being \u201ctoo profitable.\u201d<\/p>\n<p>He maintained that he had committed no wrongdoing, never used trading bots or privileged API access, and had already completed extensive KYC requirements including live video verification, address proof, and phone number confirmation.<\/p>\n<p>The hashtag #FreeTheWhaleWhale became popular on X. Other users reported similar account freezes. On-chain investigator ZachXBT publicly supported the trader, putting pressure on MEXC.<\/p>\n<p>On October 31, 2025, Hsueh issued a public apology, acknowledging that the exchange had mishandled the situation. The company released the full $3.15 million in frozen funds to the trader.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h3 class=\"wp-block-heading\">White Whale defends MEXC executive from false rumors<\/h3>\n<p>Cecilia Hsueh faced sexual rumors during the dispute. She posted on X: \u201cPeople enjoy tearing women down by inventing sexual rumors, it\u2019s pathetic. It takes courage and resiliency for a woman to lead in this industry.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">People enjoy tearing women down by inventing sexual rumors, it\u2019s pathetic.<\/p>\n<p>It takes courage and resiliency for a woman to lead in this industry.<\/p>\n<p>Ignore the noise. <br \/>Keep your head down. <br \/>Keep building.<\/p>\n<p>\u2014 Cecilia Hsueh (@cecilia_hsueh) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/cecilia_hsueh\/status\/1984779169297743954?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">November 2, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The White Whale stepped in to defend her after users sent him an explicit video. \u201cShe is not the woman in the video,\u201d he wrote. \u201cI understand why acting out sometimes makes people feel better when there is so much pent-up rage, but the truth still matters.\u201d<\/p>\n<p>The White Whale stated that a better MEXC would improve crypto as a whole. \u201cIt will take time to regain the community\u2019s trust, but I\u2019m confident we\u2019re on the right path,\u201d Hsueh replied.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto trader The White Whale has offered to serve as an unpaid advisor to MEXC following the resolution of a months-long dispute over $3.15 million in frozen funds. Summary MEXC&hellip;<\/p>\n","protected":false},"author":1,"featured_media":14977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14976"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14976\/revisions"}],"predecessor-version":[{"id":14978,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14976\/revisions\/14978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/14977"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}