MEXC’s ’Race to Zero’ Event Concludes with 1 BTC Prize Pool Distribution

MEXC wraps up high-stakes trading competition as participants chase bitcoin bounty

The Final Lap

Exchange completes promotional event that saw traders competing for a share of the 1 BTC prize pool. The 'Race to Zero' format typically involves trading volume competitions or price prediction contests where users battle for cryptocurrency rewards.

Prize Pool Mechanics

With exactly 1 bitcoin up for grabs, the event likely attracted significant trading activity across the platform. Such competitions often drive short-term volume spikes while giving users a shot at substantial crypto gains—because what's better than trading? Trading with someone else's potential profits on the line.

Post-Event Impact

Expect the usual post-competition volatility as winners rebalance and losers lick their wounds. Another day, another crypto exchange finding creative ways to make number-go-up activities feel like winning the lottery while quietly collecting those sweet, sweet transaction fees.

Police probe Habib’s family-run crypto scam in Sambhal

Sambhal Superintendent of Police, Krishan Kumar Bishnoi, described the operation as a “multi-layered fraud scheme involving fund transfers to other companies.” 

He noted that FLC was a family-run entity, with Habib’s wife listed as its founder. “A lookout notice has been issued against the family, and their bank accounts and properties are being scrutinized,” said Bishnoi. 

Authorities are working to track down the money that was moved and find Jawed Habib and his son, who are wanted for a major fraud case in the area. 

Also Read: Medical Representative in India Duped of ₹31.5 Lakh USDT Scam