MEXC Deleted CEO Account Sparks Speculation, Exchange Forced to Call for Calm

Crypto News – A recently deleted X account with the name “MEXC_CEO” sparked rumors that the cryptocurrency exchange MEXC was having problems.

MEXC Deleted CEO Account Sparks Speculation, Exchange Forced to Call for Calm

The MEXC CEO account was abruptly removed from X on December 24, leading some users to believe that it belonged to the company’s CEO, John Chen Ju. In response, MEXC posted a post on December 24 addressing the recent confusion. After numerous traders claimed that their accounts were locked as early as December 16 and some customers had issues withdrawing cryptocurrency from the exchange, there was already increased concern about the crypto exchange being unstable due to the account deletion.

The Exchange Says It Will Be More Diligent About Announcements

MEXC acknowledged that the account was once used in an official capacity to promote the exchange. However, the company underlined that since the CEO’s departure in July 2022, the person associated with the account has no connection to MEXC Official.

The account was abruptly and without warning erased, causing a great deal of uncertainty and misunderstanding, which MEXC acknowledged it failed to disclose in a clear and concise manner at the time. The company stated that moving forward, it would try to notify the public of any major changes to its staff that affect official media accounts.

We sincerely apologize for any confusion caused by this incident,

the exchange