05.01.2026 13:30
Scandalous allegations have emerged regarding the global exchange MEXC, which the Capital Markets Board (CMB) has imposed access restrictions on due to "unauthorized activities." "Junk coin" listings, balances wiped out overnight, and blocks placed on winning accounts... The MEXC case is being opened with details that have victimized thousands of Turkish investors and are reflected in documents.
MEXC Global exchange, which has hundreds of thousands of users in Turkey but has recently entered the "blacklist" of regulators such as the UK (FCA) and Turkey (SPK), has become a nightmare for investors. The documents that have emerged and the statements of victims raise the claim that the platform has not only experienced technical malfunctions but has also followed a systematic policy.
Here are the most striking allegations against the exchange that has been bombarded with complaints:
1. THOUSANDS OF USERS' ACCOUNTS FROZEN! THE MAIN REASON ACCORDING TO THE ALLEGATION IS THAT THESE USERS MADE HIGH PROFITS
MEXC, which has never provided detailed and reasonable justifications for asset freezes, accepted to return the frozen assets of some users after facing increasing pressure on social media, as many users withdrew billions of dollars from the platform.
2. "RUG PULL" TRAP AND "JUNK COIN" WHEEL
It is claimed that part of the exchange's revenue model is based on a method known in the industry as "Rug Pull."
*Allegation: The exchange accepts coins that are obviously "fraudulent" and have no projects in exchange for listing fees.
*Process: Shortly after users buy these coins, their prices drop by 99% within seconds.
*Result: The exchange suddenly DELISTS the coin, saying "Project does not meet standards." These "junk coins," which have no equivalent on other exchanges, remain in the user's hands, and the balance is zeroed overnight.
3. "RISK" BRAKE ON WINNING ACCOUNTS
According to the allegation; the exchange shows high trading volume with its own bots. However, when a real user makes high profits in futures trading against the exchange's bots, the system kicks in.
* The user's account is instantly frozen under the pretext of "Risk Control."
* Highly profitable trades are canceled, citing "Incorrect pricing."
* When the investor wants to withdraw their money, they cannot find anyone to address.
4. SPK BANNED IT BUT THEY CONTINUED!
The Capital Markets Board had issued a decision to block access, stating that MEXC was operating without permission in Turkey with its bulletin numbered 2024-56, and filed a criminal complaint.
*Despite the Ban, Turkish Support: Despite being legally prohibited, it has been documented with screenshots that the platform continues to provide services in Turkish through its Turkish customer representatives on Telegram and live support, trying to attract Turkish investors.
5. ONE MORNING THEY WOKE UP AND…
The "MEXC Victims," who came together on social media platforms, describe their experiences with the following words:
"My MEXC account has been blocked for two weeks. I cannot access my 10,000 USDT balance. It is not stated which document is sufficient, my account is not opened despite the documents I sent, and I cannot find anyone to address."
URGENT WARNING FROM EXPERTS
Lawyers and financial analysts we consulted regarding the issue emphasize the seriousness of the situation:
"Insisting on trading on an exchange marked as 'Unauthorized Firm' by the UK's financial authority FCA, which has been blocked from access by the SPK in Turkey, is putting your money at risk. There is no office where you can make a legal notification. Victims should immediately file a criminal complaint with the prosecutor's office."
As a news center, we will continue to follow the process and the legal struggle of the victims.
Note: This news text has been prepared based on documents provided by users, publicly available complaint records, and SPK bulletins; it is presented as an allegation.