MEXC Exchange has reported a significant surge in cryptocurrency fraud activity during the first quarter of 2025, with cases increasing by 200%. The rise is particularly concentrated in emerging markets, impacting regions like India and Indonesia heavily. This trend is driven by novel scam techniques, targeting new users and contributing to increased security vulnerabilities. Over 80,000 fraud attempts were recorded on the platform during Q1 2025. MEXC COO Tracy Jin commented that 2025 has seen a dramatic shift in fraud tactics, with sophisticated operations impacting both users and the exchange itself. The company’s aggressive token listing strategy and low-fee structure, while attractive to traders, also attract malicious actors seeking to exploit these vulnerabilities. This spike has triggered concerns about market disruptions in these areas. The doubling of fraud cases compared to Q4 2024 signals a rapid escalation of this trend, highlighting potential risks for new users as cryptocurrency markets continue to expand.