Mexc Exchange Plummeting Coin Values
I deposited money into Mexc exchange, only to be faced with numerous scams that shattered my trust. Coins labeled as 'coin' will be removed from the list if there is a surge in demand. I bought two coins called 'lend' and 'bondbid'. At first, they stated they had a stock of 100 million. Then, they claimed a supply of 2 quadrillion. Eventually, 18 zeros were taken out. Despite making a substantial investment of $100 million in each coin, their value drastically drops to $1. Every time you try to buy it again, you end up with the same result.
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Here is the translation of the text from Turkish to English:
"They are selling fake coins. I bought lend and bid and many other coins that were not available on major exchanges. All of them continuously dropped in value, but not just a little; within a month, the coin I bought for a thousand dollars dropped to one dollar. I bought again, and it dropped again. I kept buying to average down, but they kept minting and selling new supply. I thought the supply was 100 million, but then I learned it was 2 trillion. When I asked again after it dropped a lot, they said it was 200 quadrillion. By then, it was too late. They added 18 zeros and seized all my money. I am writing this so that others don't suffer the same fate. They create the coins themselves and mint as much supply as they want to sell. In the end, they all got delisted. I am attaching a screen recording."
Dear MEXC User, First of all, we wish you a happy day. Cryptocurrency markets are volatile markets, and prices can move up or down. At this point, we cannot make any commitment regarding whether the price will increase or decrease. Our exchange does not have direct control over the prices. Blockchain projects may face significant risks in the execution of the project, the underlying technology used, or the legal and regulatory environments. Investing in such projects requires advanced technical and financial knowledge to understand the risks associated with blockchain start-ups. We recommend conducting thorough due diligence and evaluation or seeking support from professional advisors before making any investment decisions. The prices of blockchain projects and crypto assets can show significant fluctuations due to high volatility and various factors. Before investing in a project, please carefully assess the potential risks and determine your risk tolerance well. MEXC cannot be held responsible for the investment losses you incur or compensate for your losses in any way. We thank you for your understanding and patience and would like to state that we will be here for you. You can contact MEXC official staff. MEXC Turkey Official Complaint Team
They say that a coin that has erased this many zeros can still go up and down, but the answer is that it always goes down, it won't go up because they print unlimited supply and sell to people from here. It has dropped 16 zeros, let's see if it can rise by 6 zeros. Give back some of what you have taken.
Where is your exchange, who is the owner, I will find the one who committed this robbery. I will find a loan and call. They say find the owner of the coin, aren't you the one who prints unlimited supply and sells it? Then I will also issue a coin and rob the world unlimitedly. Are you deceiving the ignorant? There isn't even a responsible person giving a logical answer.
Dear MEXC User, First of all, we wish you a good day. The increase in token supply by project teams is a matter related to the project teams themselves and is not directly related to our platform. If you wish, you can forward your complaints about this issue to the project team. We will forward your complaint to the relevant departments, but we would like to inform you that we cannot provide individual feedback on this matter. To view the total supply of the project, you can click on the [Information]-[Block Explorer] option in the promotion section. Please consider the current data on the blockchain. MEXC is merely an intermediary institution providing trading services. Thank you for your understanding and support. MEXC Turkey Official ŞikayetVar Team
You are minting these coins yourself, what kind of project is this? No exchange would list them just for you to mint unlimited supply and sell it. Even if you took 99% of that money, you are scammers.
Dear MEXC User, First of all, we wish you a good day. MEXC provides you with trading services; the listed projects do not belong to MEXC. The only official token of the MEXC platform is the MX token. Start-up blockchain projects may face significant risks in the execution of the project, the underlying technologies used, or the legal and regulatory environments. Investing in such projects requires advanced technical and financial knowledge to understand the risks associated with blockchain start-ups. We recommend conducting comprehensive due diligence and evaluation or seeking support from professional advisors before making any investment decisions. You can contact MEXC official staff, thank you very much. MEXC Turkey Official ŞikayetVar Team
Here is the translation of the provided text from Turkish to English: "Let me ask you, even if we buy $100 million worth of bondbid tokens that erase 18 zeros, when 8 zeros are erased, we are left with 1 dollar. If we buy another $100 million worth, we are left with 1 dollar again, and eventually, it gets delisted. Now, are you saying to the coin owner that it’s free to issue as much supply as they want? If so, you are a complete fraud. No exchange would allow this with a coin, but I’m saying you are fraudsters. I won’t let this go without causing you a hundred times the damage that my loss amounts to. I won’t sell; let my money run out. I will find the owner of this exchange."
