MEXC has unfrozen the account of trader "The White Whale" with over 3 million USD in funds, and the trader announced that they will donate the recovered funds in full

According to Beincrypto, MEXC's Chief Strategy Officer Cecilia Hsueh has publicly apologized to the crypto trader "The White Whale" and confirmed that over $3 million in funds have been unfrozen.

The dispute began in July when "The White Whale"’s account was frozen under the pretext of "risk control." The trader has been protesting the trading platform's freezing of his funds since August. Reports indicate that MEXC even requested him to undergo offline KYC.

White Whale stated that he will donate all recovered funds, with half being given to early supporters through his NFT initiative, and the remaining portion allocated to verified non-profit organizations. He also mentioned that an airdrop claiming mechanism and a community voting system will be launched in the coming days.