US EditionMEXC Exchange Detects 200% Surge in Fraudulent Activity in Q1
- MEXC crypto exchange reported a 200% rise in detected fraudulent trading activity during Q1 2025 on its platform.
- This surge resulted from increased social engineering scams targeting many new and inexperienced users in emerging markets like India and Indonesia.
- MEXC detected a total of 80,057 fraudulent activities, flagging nearly 27,000 accounts in India, 5,603 in Indonesia, and 6,404 within the countries comprising the CIS region.
- Tracy Jin, COO of MEXC, highlighted the need to raise awareness and implement preventive measures to safeguard users, particularly younger individuals who are more vulnerable to misleading and deceptive information.
- MEXC plans to launch education initiatives to help users combat fraud, noting that improving financial literacy is essential to reducing social engineering vulnerabilities.
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11 Articles
MEXC flags 200% spike in crypto fraud: India, Indonesia leads with 30,000 cases
MEXC reports 80,057 fraud cases in Q1 2025, a 200% YoY increase. India flagged 27,000 fraudulent accounts, up 17% from last year. Indonesia saw 1,303% surge in fraud cases, reaching 5,603. As cryptocurrency adoption widens across emerging markets, so do the risks tied to financial fraud. On Friday, May 30, global crypto exchange MEXC revealed a sharp 200% increase in detected fraud on its platform over the past year. The number of flagged cases …
MEXC exchange detects 200% surge in fraudulent activity in Q1 – MAXBIT
MEXC chief operating officer Tracy Jin said the fraud was primarily caused by social engineering scams targeting new, uneducated users. The MEXC crypto exchange observed a 200% quarter-over-quarter surge in fraudulent trading activity between January and March 2025, it said in its quarterly report. According to the exchange, 80,057 organized fraud attempts from over 3,000...
MEXC Faces 200% Increase in Crypto Fraud in 2025 - Blockchain & Cryptocurrencies Tabloid
MEXC Exchange reports a 200% rise in crypto fraud in Q1 2025, driven by sophisticated social engineering scams targeting inexperienced users. The post MEXC Faces 200% Increase in Crypto Fraud in 2025 appeared first on Blockchain & Cryptocurrencies Tabloid.
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