In the sensitive period, MEXC showed further unbalance. ARPA strongly condemns MEXC Exchange for removing leveraged trading pairs without notifying the project parties and releasing unclear information to confuse the public and the public.
Today, we saw a piece of news on wechat. ARPA strongly condemned MEXC Exchange for removing leveraged trading pairs without notifying the project parties and releasing unclear information to confuse the public. In the critical period when Fcoin had just run away, MEXC again removed ARPA without permission, which reminds me of the impressions MEXC has left on people in the currency circle.

Founded in April 2018, MEXC started as a small, little-known platform that reportedly made no more than $10,000 a month in fees at first. But MEXC was smart enough to learn to touch the porcelain and start issuing dated currency. MEXC is labeled with bien. If there is any virtual currency on BiEN, MEXC will put it online a few days in advance. In fact, MEXC does not have this currency, and what MEXC sells on the platform is the futures of this currency, which is MEXC's maturity currency. MEXC has become known as the "big casino in the currency circle" as the currency has ignited the enthusiasm of speculators, and its profits have skyrocketed.

Then MEXC began to launch resonance coins, including VDS, FDS and VBT. The essence of resonance currency is actually pyramid selling, while increasing the price of currency, crazy pull head. VDS has increased 20-fold in two months, bringing a large number of users to MEXC. MEXC also once claimed to be the new first-tier exchange, with more than 2 million registered users. Later, MEXC began to launch a series of air coins, such as FEB, SUTER, crazy harvest leeks. All these behaviors, all offend public anger, and trigger regulatory vigilance.

MEXC was named and shamed several times last year by prominent media outlets.

Including on January 2, 2020, a news about MEXC being publicly named by the People's Daily Online blockchain channel article "Crack Down on Digital currency Exchanges under the storm" quickly became a hot topic in the industry.

This is the third time MEXC has been named by state media after the exchange was named by the Securities Times and the Financial Association in November last year.

After being publicly named and shamed by state media, MEXC has launched a public relations campaign: accusing users of maliciously smearing MEXC against rivals; On the one hand, he began to plan and layout a new business: contracts. After all, contracts have their advantages in a bear market: they make more money, they can avoid the negative impact of bad projects, and the fees from frequent trading are a big source of revenue for exchanges. One has to hand it to the team behind MEXC here, the harvesting is brilliant.

At first, the MEXC team kept a low profile and did not show its true face. After a series of outrageous moves, the boss behind MEXC has also been stripped. His code name is MX, his real name is Chen Jian, born in Fujian Province, and he was born as a trader. In 2017, he founded 3ico.com together with Deng Chaohua, the chief operating officer of Bitera and co-founder of ico365, and Chen Anmin, a coin blogger, and others. Later, he opened the ico platform of LinkBlock.com, and then MEXC MXC exchange. ico365, 3ico and LinkBlock.com have all been closed. But the Internet can still find traces of cutting leeks. Let's just say: Bad habits die hard.

Today, I saw MEXC Exchange's attitude towards the ARPA project party again. Maybe it is because MEXC is developing too fast, and I think the project party is just a younger brother. I am afraid that the first, second and third time will come out. I suggest MEXC give ARPA an explanation for this. To reduce the panic of our users, we sincerely hope that such incidents will happen less when the bull market comes. After all, the Fcoin exchange is still in the past. Who knows if there will be another exchange running away?

Of course, if MEXC does not face up to its previous bad behavior and learn from it, even if it can clean up its identity in the future, this black history, which is known to everyone in the industry, will be hard to erase. If the past can not be corrected, let alone whether the official media will continue to name names, I fear that the project team will not cooperate with it in the future.