The MEXC crypto exchange has been under the microscope recently after multiple complaints emerged on X (formerly Twitter) that the platform had been illegally withholding user funds. These claims have since snowballed into speculations that the crypto exchange is illiquid and is holding user funds as a result.

User Claims MEXC CEO Deleted X (Twitter) Account

Amid the fray, another claim emerged that the MEXC CEO had deleted their X (formerly Twitter) account. The post made by X user who goes by Crypto Crib carried with it a screenshot that showed the no longer existing handle of @MEXC_CEO.

The tweet which has been viewed almost 50,000 times since it was posted caused a stir in the crypto community, further aggravating the situation. Given this, the official MEXC account took to the platform to clarify the story behind the deactivated account.

In an initial response to the X user, the exchange explained that the account did not and never belonged to its CEO. Rather, it explained that the account shared in the post was not related to the exchange. “MEXC never has an official CEO account. The captured account is a fake account that has been disabled by X,” the exchange stated.

Crypto Exchange Takes Steps To Clear Its Name

Despite the initial response, MEXC was unable to completely allay the fears of users, especially as users took to X to share that the deleted account had actually been involved with the exchange at some point. In a subsequent post, the exchange agreed that this was actually the case. But further clarified the timeline of events and why the exchange is no longer related to the exchange.

Apparently, the @MEXC_CEO account had actually belonged to the exchange’s CEO at one point, but that was back in 2021. The post revealed that the CEO had eventually exited the crypto exchange in 2022, and since the account was not widely known, they did not clarify the exit.

“MEXC did not make a specific announcement (this is the fundamental reason for the widespread misunderstanding caused by the deletion of this account),” the post read. “The individual associated with this account has no actual connection with MEXC Official.”

In an effort to avoid a reoccurrence of an event like this, the crypto exchange revealed it had removed all tweets interacting with the MEXC_CEO account. Additionally, it plans to make public announcements when there are significant changes to employees and personnel involved with the exchange.

Binance is on the move once again with new special listings for Dogecoin, Cardano, and Chainlink, among others. The exchange has announced brand new crypto trading pairs for these cryptocurrencies which would bring advantages to traders.

Binance Adds New Dogecoin, Cardano, And Chainlink Pairs

In a new development that was revealed on Christmas Day, the Binance crypto exchange has expanded its list of pairs available for both Cross Margin and Isolated Margin users. The announcement revealed that it will be adding 11 new pairs across these two products.

The new pairs are mainly denominated in the FDUSD pair, a stablecoin that the exchange adopted after Paxos was ordered to stop issuing BUSD tokens. The new pairs in the Cross Margin feature include “ ADA/FDUSD, AEUR/USDT, AVAX/FDUSD, DIA/USDT, DOGE/FDUSD, IOTX/ETH, LINK/FDUSD, MATIC/FDUSD, OM/USDT, POLS/USDT.” Meanwhile, only a single new pair was added to the Isolated Margin feature which is IOTX/ETH.

Binance’s move to add new trading pairs across these products shows a move toward providing further liquidity for traders. “Binance Margin strives to enhance user trading experience by continuously reviewing and expanding the list of trading choices offered on the platform, allowing for greater diversification of user portfolios and flexibility with trading strategies,” the crypto exchange said in the announcement.

The move comes only two days after the exchange had announced the removal of multiple spot trading pairs which affected the likes of Dogecoin, Cardano, and Solana, among others. There were no specific reasons for the removal, although the exchange explained that trading pairs can be delisted due to multiple factors.

Crypto Exchanges Cleaning Up Shop

In the last week, there have been multiple instances of crypto exchanges delisting cryptocurrency pairs from their platform. The most prominent delistings for the week came from the Uphold exchange which delisted a number of cryptocurrencies in an effort to keep up with Canadian regulations.

As Bitcoinist reported, Uphold emailed its customers in the region to reveal that it will be desolating 10 Tier 3 cryptocurrencies from the exchange. Those mentioned in the email included Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), XDC Network (XDC), Kaspa (KAS), Hedera (HBAR), Stellar (XLM), VeChain (VET), Injective (INJ), and Casper (CSPR). Additionally, the crypto exchange revealed it will be delisting all Tier 4 cryptocurrencies as well.

However, unlike Binance’s delisting which only affected some pairs of different cryptocurrencies, Uphold’s move is a total delisting. “Maintaining a healthy ecosystem of digital assets for our customers is one of our top priorities – occasionally delisting assets forms part of this process,” the exchange said.