The crypto exchange MEXC is trying to clear the air amid insolvency rumors and the deletion of the “MEXC_CEO” X (Twitter) account.
Recently, the MEXC exchange has been amidst controversy, sparked by community members’ revelation that one of the co-founders has deleted their X account. The crypto exchange has over 10 million users from 170+ countries.
Former MEXC CEO John Chen Resigned in December 2022
Over the weekend, the community members discovered that the MEXC CEO had deactivated their X account. The discovery came as many users have been complaining on social media platforms about their funds being frozen by MEXC.
Finally, MEXC wrote a clarification post on X stating that the individual associated with the X account no longer has a connection with the crypto exchange. It wrote:
“In the early stages of MEXC’s global market development: MEXC platform did use the Twitter account MEXC_CEO for promotion and maintaining brand image, engaging with users and project partners on Twitter.”
Read more: MEXC Review 2024: Everything You Need To Know
However, according to the post, the original CEO left the position in July 2022. Later, in December 2022, they officially resigned from MEXC. The company says:
“The Twitter account MEXC_CEO was never officially verified by the MEXC platform, and due to its minimal content and followers, MEXC did not make a specific announcement (this is the fundamental reason for the widespread misunderstanding caused by the deletion of this account).”
In its post, MEXC did not mention the name of the CEO. However, the community members had screenshots of the old posts of the company that indicated the MEXC_CEO account belonged to John Chen.
In the clarification post, MEXC admitted using the MEXC_CEO X account. However, before publishing that post, it replied to one of the community members, stating that “MEXC never has an official account. The captured account is a fake account.”
BeInCrypto has reached out to MEXC for comments. But, it is yet to receive a reply.
Lastly, Chen’s LinkedIn account still shows that he is a Global Partner and Chief Executive Officer at MEXC Global. He has not updated his LinkedIn profile to show that he left the company one year ago.
Meanwhile, community members have questioned the company regarding information about its new CEO.
Read more: 14 Best No KYC Crypto Exchanges in 2024
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