We did it—public opinion forced the Mexico City Exchange (MEXC) to take the right action.
I didn't prepare a draft statement for this because, frankly, I didn't expect them to apologize.
I did see their public apology, and while I appreciated it, they didn't specify the reason for it. It would have been better if they had implied I was a criminal (they initially publicly claimed I violated anti-money laundering regulations) or a fraudster (they accused me of fraud after the anti-money laundering regulations were publicly refuted).
I stand by my statement: I never used any automated programs, secret API access, or bots while trading on the Mexico City Exchange.
I was just a trader, and my profits and losses were entirely my own.
Therefore, for me, their apology for damaging my reputation is more important than their initial apology for withholding my funds. But regardless, I will accept their apology. I know writing this apology letter wasn't easy.
That said, our work is not over. In the past few months, I've read about hundreds of cases like mine where funds have been frozen indefinitely and are inaccessible.
They don't have the same powerful voices I do.
People and organizations make mistakes.
But people and organizations have the capacity to change.
If the Mexico City Exchange (MEXC) truly feels apologetic and wants to build a better future, let's start with the following:
1. Exchanges should never have an economic incentive to "withhold" or cause clients to lose funds, especially when they are acting as judges, juries, and executioners to determine your guilt. If there is suspected criminal activity, the matter should be handed over to the relevant authorities. It's that simple. The Mexican Forex Company (MEXC) needs to publicly commit that they will never again arbitrarily seize client funds as they have in the past (and they admit they intended to do so to me).
2. Effective risk control processes are necessary. I don't want terrorist organizations or child trafficking groups using exchanges for money laundering. However, we must accept and understand that innocent people can indeed be flagged for various reasons. The Mexican Forex Company needs to commit to expediting the review process. Once your economic motive for guilt is eliminated (see point 1), they need to set a reasonable timeframe to transfer the case to the relevant authorities or unfreeze client funds. The risk control team at the Mexican forex company is not law enforcement; they should not act as law enforcement.
From the outset, I realized I wasn't just speaking for myself. Many other well-meaning people still have their accounts frozen, and their plight hasn't received the same attention as mine.
That's why I've always felt it wasn't right to keep the money for myself. It's incredibly unfair that people with status, wealth, or a certain social media following are treated so differently compared to those whose hard-earned money is taken.
I'm happy to announce that, as initially promised, I will allocate 100% of this funding to the first 20,000 backers (NFT holders), and the remaining 50% will be donated to certified nonprofit organizations.
Since I didn't expect to accomplish this today, please give me a few days to refine the airdrop distribution mechanism and find a way for the community to vote on the nonprofits they care about.
I have some family matters to attend to today, so I might not be able to reply to everyone promptly, but I will continue working on this and hope to finish it within the next few days.
Thank you everyone!