James Wynn Claims CEX Account Bans Are Retaliation for Pro-Decentralization Stance

In Brief:

Whale investor James Wynn says multiple CEXs blocked his accounts without cause.

He vows legal action and hints at launching a new platform with Moonpig to challenge centralized control.

Crypto whale and trader James Wynn has accused several centralized exchanges (CEXs) of arbitrarily banning his accounts, claiming the move is retaliation for his vocal support of decentralization and anti-corruption efforts. Wynn made the statement in a post on X, asserting that his funds are clean and his trading activity transparent.

Wynn emphasized that he has never accepted payment for token promotions, engaged in artificial market pressure, or participated in manipulative trading schemes. He noted his focus on on-chain meme coin activity and trading on platforms like HyperLiquid as evidence of his credibility.

The bans, he says, are part of a broader issue of centralized platforms wielding unchecked power over user accounts. “I was born for war, my lawyers are ready,” Wynn said, adding that he plans to expose the incident publicly.

In response to the bans, Wynn is considering a potential collaboration with the Moonpig team to launch a new decentralized platform. The goal, he said, would be to challenge the control centralized exchanges currently hold over users and set new standards for transparency.

This development adds to ongoing concerns about the risks of centralization in crypto, especially as traders increasingly demand accountability from major platforms.

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