MEXC's Quiet Betrayal, and the Hostage Form That Makes It Worse For years, MEXC was the back door of crypto. If you couldn't KYC, because you were in the US, the UK, mainland China, Singapore, Canada, or other restricted jurisdictions, MEXC let you in anyway. A VPN, an email, and you were trading. 10 BTC a day in withdrawals, no questions asked. By some industry estimates, unverified users were a substantial share of MEXC's book. The exchange built its business on that liquidity, under a tacit "don't ask, don't tell" arrangement that worked beautifully for everyone as long as the music kept playing. Then MEXC stopped the music. Deposits and withdrawals are now gated by KYC. The 10 BTC unverified limit is gone. For users who can't or won't verify, the very population MEXC quietly courted for years, the only escape is a "Withdrawal Appeal Form" more invasive than the KYC it replaces. A classic bait-and-switch. This is a betrayal. And the form is a privacy disaster waiting to happen.…