Will WEEX Become the Next BitMart or BitMEX? An In-Depth Risk Assessment Based on Real Data and User

Last week, with veteran crypto exchanges BitMart and BitMEX announcing their shutdowns amid a harsh market environment, negative sentiment spread rapidly across the industry. Investors and market observers began asking one question: which exchange could be next to face a crisis？　　WEEX, an eight-year-old crypto exchange, has also come under the spotlight after a series of negative claims surfaced online. An industry insider who had previously warned about BitMarts potential collapse two months earlier shared a prediction on X, stating: “WEEX is going to shut down.”　　Some users have also filed complaints on FX110, claiming that they experienced issues such as unauthorized fund deductions, account freezes without explanation, and being asked to “delete their posts before withdrawals could be processed.”　　Recently, an individual claiming to be a “former BitMart employee and current WEEX employee” posted on social media, accusing the company of poor internal management and misleading employees.　　On one side, WEEX presents itself as a platform with strong financial backing and regulatory credibility — an official partner of LaLiga, a 1,000 BTC protection fund, and multiple regulatory registrations, creating the image of a well-funded and legitimate exchange.　　On the other side, there are allegations including “funds deducted without notification,” “withdrawals only approved after deleting