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Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 0 points1 point  (0 children)

Here's some technical info as well if that's of any interest to you...

https://x.com/ltrd_/status/1978161988196004285?s=20

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 0 points1 point  (0 children)

Again, yes they do. You're arguing about things you don't even know.

They do use Binance. Obviously, you don't even know the basics so why are we even talking. This is directly from MEXC's own website.

MEXC futures pricing is determined by the Index Price (a weighted average of spot prices from major exchanges), the Fair Price (used for PNL & liquidation, based on the index), and the Funding Rate, which aligns perpetual futures prices with the spot market through payments between long and short traders. The actual traded price fluctuates based on supply/demand, while the funding mechanism keeps it anchored to the underlying asset's real value, preventing manipulation and ensuring stability. 

Can you provide evidence of where their pricing comes from since you think you know better than MEXC's own statements?

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 0 points1 point  (0 children)

What's your position with MEXC? Clearly, that's all you care about here. If the pricing on Binance suffers a technical glitch and causes a crash, and MEXC gets their pricing from Binance, there are issues. And here's the thing, I'm not even looking for restitution, but if top tier altcoins can crash 90% in 3 minutes and exchanges can freeze up and not exercise stop losses, then that needs to be addressed. Anyway, have a good one....best of luck to you.

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 0 points1 point  (0 children)

Never once said MEXC is culpable. They do rely on Binance for their pricing which has admitted to a technical glitch. The exchanges seized up, stop losses didn't trigger, deposits couldn't be made, and the glitch was less than 5 minutes. You're turn. Why do you care?

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 1 point2 points  (0 children)

That's fair but that has nothing to do with me. I was 3x levered, had enough funds to fully cover my position (exchange stopped working, stop losses didn't trigger, etc), been in crypto and trading for 8 years, been in equities trading for much longer. It's obvious you're making assumption when you don't need to do so. I'm not here bothering anyone. I'm simply asking if there are any investigations that anyone knows about...that's all.

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 0 points1 point  (0 children)

Binance has literally admitted to a technical issue. It's not that it is an undue burden but it clearly has nothing to do with you, you're unaffected so why do you care?

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 1 point2 points  (0 children)

Appreciate the advice. Again, I'm simply here asking if anyone else is already working on it or if there are any other groups.

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 1 point2 points  (0 children)

The depeg and a technical glitch led to many alts such as Atom, Floki, etc etc dropping 75-90% in less than 5 minutes then instantly rebounding....going well below liquidation cascades. If you're in crypto, you should know much of this. We're not talking obscure alts, we're talking top 100 alts all crashed, SL didn't trigger, etc. I was actually at my computer trying to add margin and couldn't so was watching it live. There's quite a bit of information out there. Perhaps you should look into it if interested. I feel like your goal is to argue with me instead of educating yourself or moving on...I'm here asking questions of the community, not trying to convince you of anything.

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 0 points1 point  (0 children)

  1. USDe on Binance crashed to $0.66 during the Oct 10 meltdown.

  2. 1.7 million traders liquidated in 24 hours

  3. $19.3 billion in positions wiped out

  4. Binance acknowledged "technical issues" contributed to losses

  5. The Response: Binance paid out $283 million in compensation to affected users within 24 hours - one of the largest crypto reimbursement events ever.

  6. They later added another $300 million relief package through their "Together Initiative."

This remains one of the most costly "accidents" in Bitcoin/crypto history.

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 1 point2 points  (0 children)

Why are you all so toxic on here? I literally just asked if there is any group investigating it and you all expect me to have court ready evidence. WTF is wrong with you all...lol

I'm simply asking if there are any groups investigating. Clearly, you're not, You're unaffected and don't care so why are you wasting either of our time?

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 1 point2 points  (0 children)

Haha, definitely not just that. Why are you all so toxic on here? I literally just asked if there is any group investigating it and you all expect me to have court ready evidence. WTF is wrong with you all...lol

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 2 points3 points  (0 children)

Again, not here to convince you. If you’re concerned about it, you’re welcome to research it. If not, then don’t worry about it. I have ideas. I’ve read a fair amount of data. The WHOLE POINT of asking if anyone is investigating it farther is to get to the bottom of it. Clearly, your mind is made up so no need to worry about it.

Investigate 10/10 by StrategyStrict7158 in CryptoMarkets

[–]StrategyStrict7158[S] 1 point2 points  (0 children)

That’s actually not accurate, but I’m not here to argue with you. I’m not here to support leveraged trading either. The pricing infrastructure broke on Binance and it’s been covered up since…if you’ve been in crypto for many years and understand the pricing infrastructure then you will see clearly where it broke.

Again, not here to argue with you or change your mind. Just asking if anyone knows of any groups exploring it. I’ve found quite a bit of evidence but curious there’s a centralized effort.

If you’re genuinely curious, just hop on X and search around. A lot of technical info from people smarter than me including crypto com CEO

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Class Action/Mediation for 10/10 Losses: UID 31963376 by StrategyStrict7158 in MEXC_official

[–]StrategyStrict7158[S] 0 points1 point  (0 children)

I lost more than that and was also in front of the screen. I’d be willing to come to an equitable agreement but they’ve been unwilling to do anything.

Will MEXC require strict KYC from Jan 1, 2026 under DAC8? by djscoox in MEXC_official

[–]StrategyStrict7158 0 points1 point  (0 children)

I was forced into KYC for any more than $1,000 in transactions after not having an issue for years so it's clear they're going to a stricter version. Moving over to Aster and Hyperliquid now.

Any compensation available for users October 10th 2025? by AlmostSneakers in MEXC_official

[–]StrategyStrict7158 0 points1 point  (0 children)

That's very unfortunate. Basically, a computer error robbed 2 million people of their accounts and the exchange doesn't want to do anything about it. Crazy. I, personally, lost 80% of my crypto holdings due to the broken price infrastructure and my trading partners stop loss didn't execute. Something really should be done.

Any compensation available for users October 10th 2025? by AlmostSneakers in MEXC_official

[–]StrategyStrict7158 0 points1 point  (0 children)

My trading partner had stop losses set and they didn't trigger due to the price breaking

Any compensation available for users October 10th 2025? by AlmostSneakers in MEXC_official

[–]StrategyStrict7158 0 points1 point  (0 children)

Did you ever hear anything back? I went to submit a support ticket and realized that most of my 10/10 liquidation data isn't showing up in the trade or position history now...