MEXC Exchange Reports 200% Surge in Fraudulent Activity in Q1

Crypto exchange MEXC has flagged a significant increase in fraudulent trading activity between January and March 2025, revealing a staggering 200% quarter-over-quarter spike. The company reported identifying over 80,000 organized fraud attempts from more than 3,000 syndicates during the period. The exchange attributes this rise to market manipulation, wash trading, and automated trading bots exploiting users through unfair execution practices.