MEXC Risk Control • Reviews

MEXC Risk Control: Reviews, Legitimacy Questions, and the full fair_trader_x case

This page consolidates user‑reported experiences about MEXC risk control, including withdrawal restrictions and extended reviews. It also documents, in detail, what @fair_trader_x reports about his account (UID 63218153) — from withdrawal attempts and KYC requests to legal correspondence and outreach to regulators.

Key queriesMEXC Risk Control • Mexc reviews • Is MEXC legit? • MEXC scam/fraud?explained with sources & quotes
Case windowJun 2024 → Oct 2025attempted withdrawals, EDD, letters
FormatCase + Dossiertimeline, excerpts, legal track

What is “MEXC Risk Control” (as reported by users)?

A common pattern in reports describes an account placed under “risk control,” followed by extensive documentation requests and prolonged review windows before any withdrawal is allowed.

Typical triggers (reported)

  • Large withdrawal attempts (e.g., a 50,000 USDT request on Jun 17, 2024 for UID 63218153) leading to additional KYC checks.
  • Requests to provide selfie with passport and handwritten note despite prior basic verification.
  • Escalation from standard KYC to extensive EDD (Enhanced Due Diligence).

EDD checklist (example received)

  • Passport + photo while holding passport.
  • Employment details and income proof for last 6 months.
  • Address proof for last 6 months.
  • Source‑of‑funds explanation with records.
  • Withdrawal purpose and destination with records.
  • Tax filing records for the past 3 years.

These items were reportedly emailed during the 254th day of an ongoing freeze.

Partial “principal” refunds (reported)

Some communications referenced a plan to refund only the principal after EDD (approx. $125,000 in one case), while keeping the non‑principal amounts frozen pending investigation.

Important

All points above reflect user‑provided materials and correspondence excerpts. Readers should request an official statement from the platform for a balanced view.

MEXC Reviews: what users report

Below is a synthesis of recurring claims from public posts and private letters provided for this dossier.

Account status & communication

  • Freezes extending up to 365 days (reported).
  • Template responses and long periods without substantive updates.
  • Deletion of chats/blacklisting alleged in some user messages.

Withdrawal experience

  • Rejections of withdrawal requests despite previously accepted deposits.
  • Retroactive KYC/EDD requirements for already deposited funds.
  • In certain anecdotes, balances allegedly reduced to $0 and histories removed.

Jurisdiction & on‑site KYC invites

  • Invites to complete KYC in Singapore or meet in Hong Kong, despite user‑shared regulator notes about licensing questions in those places.
  • Users raise safety/legal concerns about in‑person KYC abroad without clear licensing documents.

Is MEXC legit? “Scam” and “Fraud” claims vs. public records

This section compiles allegations and public notices referenced in the materials. It is not a court finding. Always verify with primary sources.

Allegations (from materials)

  • User reports of prolonged freezes and requests for expansive personal data.
  • Claims that traders were invited to jurisdictions where licensing was unclear.
  • Mentions of other affected users, deleted histories, and blocked communications.

Public notices (as cited in the correspondence)

  • Hong Kong SFC: inclusion on an alert list and a separate notice about suspected virtual‑asset related fraud linked to “MEXC”.
  • Statements shared from Hong Kong Police about absence of VATP licensing (user‑provided correspondence).
  • Letters from counsel questioning licensing and inviting official clarification.
Editorial note

We present claims and excerpts for public interest and review. Readers should seek direct statements from MEXC and relevant regulators for the current, definitive status.

fair_trader_x: dated excerpts and milestones

Jun 17, 2024

50,000 USDT withdrawal attempts and extra selfie/KYC

Reports indicate multiple rejected withdrawals despite prior basic verification; additional selfie with passport and UID/date requested.

Deposit reportedly originated in ETH and was spot‑exchanged to USDT.

Sep 24, 2025

User alleges chat deletion and blacklisting by a senior support figure

Another trader’s message describes $100,000 frozen and subsequent blacklisting after private messages seeking help.

Sep 25, 2025

YTL LLP legal correspondence

Questions sought confirmation of: platform operations, client status, that the account was under risk control, and whether inviting clients to Singapore for in‑person KYC is a normal practice. Response reportedly affirmed only client status + risk control, leaving other items unanswered.

Sep 29, 2025

Letters sent to Singapore’s Prime Minister and President

Awaiting non‑automatic response; related materials forwarded to police per later updates.

Sep 30 – Oct 1, 2025

EDD list issued; “principal” refund discussed (~$125,000)

Six‑item EDD checklist sent by email; separate message referenced a plan to refund the principal after EDD while keeping non‑principal frozen during the investigation.

Oct 7–8, 2025

Forwarded to police

Follow‑ups indicate forwarding to law enforcement and pending officer correspondence.

Context

UID 63218153; public hashtags included #MEXCFreeze, #MEXCRiskControl, #MEXCUserFundsFrozen. Several posts reference other traders and community groups aggregating similar experiences.

FAQ: MEXC Risk Control, Reviews, and Legitimacy

Is MEXC legit?

We compile user experiences and public notices referenced in user‑provided letters. Legitimacy determinations depend on current licensing and regulatory status in each jurisdiction; consult official registries and seek the exchange’s formal statement.

Is MEXC a scam or fraud?

Some materials and notices use terms like “suspected fraud” in connection with “MEXC.” These are allegations and alerts; not court verdicts. Readers should verify the latest regulator publications and company responses.

How long can Risk Control last?

Reports mention durations up to 365 days in certain cases. Timelines vary by investigation and documentation completeness.

Why are additional documents requested after deposits?

Enhanced Due Diligence (EDD) may be triggered by risk rules. Users report requests for identity, income, address, tax filings, and transaction justifications even when deposits were previously accepted.

Why invite to in‑person KYC abroad?

Some messages reference invites to Singapore or meetings in Hong Kong; users raise concerns about licensing and safety when asked to travel cross‑border for verification.

Sources & Editorial Disclaimer

This page summarizes user‑provided posts, letters, and screenshots attributed to @fair_trader_x. All third‑party mentions reflect the author’s statements. For balance, we encourage contacting the platform and checking regulator registries for current status.