First and foremost you should never store your coins or tokens on any exchange for an extended period of time. Not your keys, not your crypto. That being said, over the course of the year, Ghost has gone through several hard forks. All partner exchanges were made aware of the coming forks well in advance and acted accordingly.
Our Exchange Relations team informed us back in early April that MEXC was no longer cooperating. Be that as it may, the team remained professional and continued to contact their technical team. As months went on and development continued with Ghost, deposits and withdrawals were still offline for MEXC. This created a wildly illiquid market on the exchange and was subject to extreme manipulation due to “bot only trading.”
Remaining vigilant about the situation, $GHOST was experiencing crazy price swings during this time. Again, MEXC refused to re-open deposits and withdrawals when confronted with the market manipulation at hand. MEXC was shown in detail how to properly update their node and to verify if they were on the correct chain.
Through emails, Telegram, WeChat, and Twitter they pretended to play a blind eye to the corrupt scam that was unfolding behind the scenes. The exchange and the technical team was offered financial compensation for their efforts, but failed to cooperate with us.
After the latest hard fork back in August, again our partner exchanges updated successfully and without any issues. Once again, MEXC failed to communicate. Their incompetent technical team finally established contact after seven months of silence, only to say that they don’t know how to update. Precedingly, we held their hand and showed them step by step how to execute the update. Without warning or without ANY form of communication from anyone, $GHOST was subjected to de-listing messages on their platform. The message simply stated: there were “issues with the core that the team needed to figure out otherwise they would delist.” Hotbit, StakeCube, TradeOgre, all of our partner exchanges had absolutely no problems with the latest core.
The team immediately went back through our communication portals to figure out what the issue was. Mind you the previous team paid for the initial listing on this platform to begin with. Refusing to give Ghost the time of day, and having the “solution” to their incompetent problem, $GHOST was delisted. Magically though, deposits and withdrawals were re-opened after eight months of being offline.
In short, MEXC manipulated the market for $GHOST, refused to take our concerns and questions seriously, refused to communicate with the team, and refused to update to resolve any conflicts with the core.
At the time of writing, users have 23 days remaining to withdrawal their coins from the exchange, or risk losing their holdings.
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