Title: Matcha MEXC Scam and Theft - Victims from @tarayct
There have always been various rumors about FUD regarding Matcha (MEXC), including running away, freezing accounts, etc. However, for me, who has been involved since its establishment in 2017, I have always supported it. In addition to trading on Matcha, I have also rationally supported various FUD rumors in my own community.
But ultimately it was a wrong investment, and misfortune has fallen upon me. After the incident, I communicated with other individuals in the circle, and they said:
1 Are you a newly registered account?
Answer: An old account registered in November 2021.
2 Did you not buy MX for the initial offerings, just trading?
Answer: In the context of FOMO among old peers in the group, I bought MX in May last year and have been participating in initial offerings.
3 Did you only trade contracts and not spot?
Answer: Yes, I did, and lost about 10,000 U.
4 Have you been consistently making profits from contracts?
Answer: Earning and losing, large profits and losses, small profits and small losses are evenly distributed, a standard leeks profit calendar.
5 What bug or something did you exploit?
Answer: I know nothing about the program code, purely trading. If I had any intention of wrongdoing, I would have withdrawn my assets and changed accounts long ago.
6 Then why did they freeze your account?
Answer: My understanding is that the bull market has arrived, I mainly went long on contracts, earning more than the deposit, while Matcha's depth is directly managed by Matcha; if I earn, Matcha loses, that's the answer.
7 What happened with Matcha?
Answer: First, the account was frozen, preventing buying and withdrawals; however, I could log in and close positions, but after waiting for 60 trading days, I was strongly appealing and got kicked out of login access, meaning I couldn't log in. So I continued to appeal, and when I logged in again, all my positions were closed! All my funds were transferred away! All my trading records were deleted! No different from a robber!
8 What reason did Matcha give for targeting you?
Answer: The replies from customer service to risk control are all very formal, saying it's due to abnormal transactions. There's no other explanation.
9 How much did they take from you? What are your thoughts?
Answer: When it was frozen, my main long positions were (100,000 U on 0.28 sei long + 100,000 U on 236 BNB long, others were short-term positions), and they were all unrealized losses. At that time, my total capital was 10,000 MX + 30,000 U + 90,000 U in contracts = 120,000 U. If I hadn't been messed with by Matcha, it would now be around 500,000 U. My thought is simple: you can directly tell me you earned my money, and if I don't like it, you can take my money without issue, but labeling me is disgusting. So I'm bringing this matter to the attention of individuals in the crypto space to consider for themselves. Whether I can get back my money has become less important, although it is most of my assets, compared to letting others know the truth.
10 Are you spreading FUD and slandering Matcha MEXC?
Answer: Screen recordings, multiple screen recordings, detailed screen recordings, and all appeal emails are present. I, a man praised by a senior, have no need and disdain to do such things.
11 Can you summarize in a few sentences?
Answer: An old MEXC Matcha account registered in 2021, which in May 2023 bought MX and continuously participated in normal trading. I lost nearly 10,000 U in spot trading, and during the arrival of the bull market, I made small losses and small profits, large losses and large profits, with a total profit of over 100,000 U, was deemed to have abnormal trading by Matcha, and my trading records and profit calendar were deleted. Now I inform all individuals in the crypto space about Matcha's ugly actions, and cherish your investments. Additionally, those projects invested by Matcha, you know, they also act similarly. You don't need to treat Matcha kindly. Furthermore, I call upon all those whose accounts were frozen and robbed by Matcha to take action (for example, organize to approach the Singapore regulatory authority or the embassy in China to collectively report), so that more people know the true nature of Matcha MEXC, preventing more individuals from suffering.
The above statements are all facts, screenshots are not edited, all records have been captured during the freezing with multiple comprehensive screen recordings. I am willing to take responsibility for this and welcome everyone to share and expose the ugly actions of MEXC Matcha to prevent more innocent individuals from falling victim. Now, since domestic IPs are not allowed to operate, it has laid the groundwork for potential future freezes and asset seizures.
