MEXC's Quiet Betrayal, and the Hostage Form That Makes It Worse

MEXC, a crypto exchange known for allowing unverified users from restricted jurisdictions, abruptly enforced KYC requirements and introduced an invasive 'Withdrawal Appeal Form' for non-verified users, sparking accusations of betrayal and privacy risks. The move contrasts with more transparent approaches by competitors like Binance and Bitget, while the form's data collection practices raise concerns about potential leaks and misuse.