MEXC has unfrozen $3.1 million in assets belonging to high-profile trader TheWhiteWhaleV2 after facing significant public backlash. The decision, announced on October 31, follows accusations from the exchange that the trader used bots for illicit profits, which he refuted with evidence of manual trading. The controversy intensified when on-chain investigator Zachxbt questioned MEXC's ownership structure, leading to mass withdrawals and a 15% drop in the exchange's 24-hour trading volume, as reported by CoinGecko. This incident has raised concerns about transparency and fairness in centralized exchanges, especially affecting smaller traders.