The White Whale has retracted his offer to act as an unpaid advisor to the cryptocurrency exchange MEXC, citing issues with transparency and the seizure of user funds. He criticized MEXC's Proof of Reserves, labeling it as 'meaningless' without accompanying liability audits. Additionally, he accused the exchange of deleting transaction history following the seizure of a user's $4,000. The White Whale also refused to accept MEXC's 'non-disparagement' clause, maintaining his right to publicly criticize the exchange if it continues with what he describes as 'smoke and mirrors' practices.