Crypto trader the White Whale, who had offered to serve as an advisor to crypto exchange MEXC, has retracted his offer. This came as he highlighted a ‘structural rot’ within the exchange, which puts customers at risk of losing their coins. Crypto Advisor Exposes ‘Structural Rot’ Within MEXC In an X post, the White Whale described the fake proof of reserves, arbitrary justifications for seizures, the lack of due process, and the ability to block users from their own records as the structural rot within the crypto exchange. He further remarked that MEXC remains a “rotten apple” as long as this structural rot exists
source: https://www.newsbtc.com/news/mexc-users-losing-their-crypto/