Several traders reported their assets being frozen on MEXC; Should Iranian users be worried?
In recent days, reports have been published about the blocking of accounts and assets of several traders of the Mexi Digital Currency Exchange (MEXC). Maxi’s official Twitter page indirectly related to this story reaction has shown and denied the relevant charges; But should the Iranian traders of this exchange be worried?
A few traders recently Report have said that Maxi digital currency exchange has blocked their account and seized their assets. The support of this trading platform said that the reason for this action was the “abnormal trading activities” of these traders.
One of these traders is a Twitter user named Vida says His account has faced restrictions since December 16 (December 25) and has lost $92,000 worth of Tether. According to Vida, this happened after he made some profit from a few trades in the maxi futures market over a 15-day period.
He wrote in his tweet:
I called the support of the exchange and sent my documents. Two days later, my account balance and transaction history were completely lost.
Vida’s screenshots show that Maxy’s support told him that the exchange’s risk control system detected a problem with his transactions, and that the exchange’s staff revalidated the issue. In Max’s support message, it is said that according to the terms of use of this platform, measures have been taken to compensate the damage caused by this user.
Over the past few days, other traders have published similar reports about Maxi. For example, a Chinese-speaking user reported on Twitter on December 17 that his account in this exchange was blocked after an 8,000 dollar transaction. He also said that a number of his friends who trade on this platform have been justified by such a problem.
However, during the past few hours, Maxi has indirectly reacted to this story and its sidelines on his Twitter and considered them as “rumors”.
It is written in Maxi’s announcement:
Recently, there have been rumors circulating on the internet that aim to tarnish the activities of our platform by spreading false information and baseless claims. Maxi works without problems and all systems are normal. We categorically reject these accusations and false information and we reserve the right to take legal action in response to these accusations.
It should be noted that on the Maxi Exchange Terms of Use page, it is written that this platform has the right to investigate any violation of this agreement and can unilaterally determine whether this agreement has been violated by the user or not. In addition, based on this section, Maxi has the right to take the necessary actions according to the regulations without prior notice to the user.
Blocking or closing orders, freezing accounts, reporting violations to authorities, and deleting any user information are some of the examples that are subject to the actions discussed in Maxi’s Terms of Use.
Should Iranian users be worried?
Maxi digital currency exchange is one of the most popular foreign platforms among Iranian traders, and the reason for this is clearly the lack of authentication requirement to use this exchange. During the past years, Maxi has carried out numerous advertising activities with the aim of attracting Iranian users, and this is despite the fact that in the regulation section of this platform, it is clearly stated that users from several countries Including Iran Services are not provided.
The exact amount of complaints against Maxi exchange, as well as the truth of violations committed by traders whose accounts have been blocked or lost their assets, is not clear; But in general, it is necessary to keep in mind that long-term storage of digital currencies in large amounts in centralized foreign exchanges, especially for Iranian traders who do not have the possibility to perform authentication on these platforms, is a risky behavior and is not recommended in any way.