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Mexc Exchange Saga Token Scam

April 10, 2024 2:06 AM346

I purchased Saga Coin tokens at different times and prices on the Mexc exchange. On April 8th, when I checked my account, I noticed that the coins I had purchased were now listed as Saga1. In my correspondence with customer support, I was informed that only the name had changed and the coins remained the same.

However, considering that Saga tokens were trading between $5-7 on all other exchanges, it's perplexing that the Saga1 tokens provided to us are trading at $0.000015-0.000020. This discrepancy suggests that these tokens are not the same and their values differ significantly, by tens of thousands of percent.

I demand resolution to this issue, and if not addressed, I will pursue formal avenues domestically and internationally.

April 10, 2024 4:56 AM (2 hours after complaint)

Dear MEXC User, First of all, we wish you a happy morning. Thank you for contacting us. The SAGA token you purchased and the SAGA token trading at a price of 5-7 USDT with a name change are different tokens with the same name (having different contract addresses). The contract address of the token you purchased is as follows: 0x41c0d7e97526eE09710edbd420856b9e66dfC1f5 MEXC has renamed the AISagaCoin (SAGA) project to AISagaCoin (SAGA1) in accordance with the following regulations. Deposits, withdrawals, and trading of SAGA were closed on April 8, 2024, at 09:00 (GMT+3). SAGA tokens were renamed to SAGA1 after the token abbreviation change was completed. We apologize for any inconvenience this may cause. Thank you for your understanding and support! MEXC Turkey Official ŞikayetVar Team

Zeynel
April 14, 2024 11:20 PM

The problem has not been resolved and people have been victimized. There is nothing to be thankful for; in fact, I am very angry and will take legal action. I kindly request that you review similar issues that have been reported to you.

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