MEXC Reports Explosive Rise in Crypto Fraud Attacks

Crypto exchange MEXC has experienced a significant surge in fraudulent activity, with the number of reported cases doubling in the first quarter of 2025. The exchange revealed over 80,000 fraud cases, indicating a substantial increase impacting emerging markets like India and Indonesia. These attacks primarily target new crypto users in these regions. This trend highlights vulnerabilities within these markets and raises concerns regarding user security and education.