SCAM REPORT MEXC Exchange listed fake/manipulated BWT & Aegis tokens

[abur404]

Hi everyone,
​I want to share some serious concerns regarding MEXC Exchange to help the community stay safe. While MEXC lists new tokens very quickly, it comes with significant risks:
​Lack of Vetting: Many tokens listed are "Honeypots" or "Pump and Dump" schemes.
​Account Issues: There are increasing reports of accounts being frozen after making profits.
​Transparency: Lack of clear regulatory compliance makes it risky for long-term holding.
​My Advice:
​Use Tier-1 exchanges like Binance or OKX for large funds.
​Always move your assets to a hardware wallet or Non-custodial wallet (Trust Wallet/MetaMask).
​Don't fall for the "New Listing" hype without deep research.
​Stay safe and protect your capital!
#MEXC #ExchangeRisk #ScamAlert

[Coyster]

Aren't most exchanges guilty of this, as long as you are willing to pay them, they'd be willing to list your token. I don't believe this problem is peculiar to Mexc, neither does it warrant a scam accusation topic as you are not accusing them of any scam here.

Transparency: Lack of clear regulatory compliance makes it risky for long-term holding.

Every centralized exchange is risky for long term hodling or any kind of hodling for that matter. Not your keys, not your coins.

Always move your assets to a hardware wallet or Non-custodial wallet (Trust Wallet/MetaMask).

Do not suggest Trust Wallet crap to people. It is a closed source wallet and it is not safe to use for other reasons too. Read this: https://bitcointalk.org/index.php?topic=5569634.msg66221032#msg66221032

[JeromeTash]

Why would you trade shitcoins in the first place is you do not know the risks associated with them. Most exchanges even go a step ahead to warn you about the high risk nature of those tokens, but people still go ahead and trade them
Most of the time, the exchanges care about those trading fees, so if you ignore the warnings and go ahead to trade, then that's on you.

[noorman0]

-snip-
​Always move your assets to a hardware wallet or Non-custodial wallet (Trust Wallet/MetaMask).

This statement is actually irrelevant to the accusation. The tokens you mentioned in the title also support transfers to several non-custodial wallets, and their wallet apps can integrate DEXs and instant swaps for shitcoins. You can't avoid the effects of pump-dump schemes that way, even if you never touch any CEXs.

[hugeblack]

What MEXC Exchange is doing is exactly what Binance was doing in its early days and so exchanges will either end up being big and therefore being strict about listing and KYC procedures or stealing customers.

I think MEXC Exchange is closer to the second option than the first.

[jcojci]

It seems MEXC is the best place to run away with the money

I don't use MEXC although many coins getting pump and dump quickly. That is a scarry scheme for me to lose moeny.

Instead of Trust Wallet, I prefer to use Unstoppable wallet or HW for the best.

[Coyster]

It seems MEXC is the best place to run away with the money

I don't completely understand what you mean with this sentence, but if you are trading shitcoins in any platform, you should understand that you can lose your money. Basically because it is shitcoins and not even about the platform per se.

I don't use MEXC although many coins getting pump and dump quickly. That is a scarry scheme for me to lose moeny.

Shitcoins get pumped and dumped all the time. That is the risk people take when they play with shitcoins and these coins are available on most centralized exchanges, not just Mexc.

Instead of Trust Wallet, I prefer to use Unstoppable wallet or HW for the best.

Good choice. Trust Wallet should not be used by anyone.