She said in its separation report that the MEXC Crypto exchange noticed a 200 % quarter of a quarter in the fraudulent trading activity between January and March 2025.
According to the exchange, 80,057 fraud at the organized fraud of more than 3000 Q1 fraud union was determined. The fraudulent activity ensures the processing of the market, washing trading, and automatic trading robots that exploit users through the implementation of “non -fair” trading.
MEXC said that the rise in fraud was more clear in India, where the exchange has reported approximately 27,000 accounts of suspicious activity, followed by the Commonwealth of Independent states and Indonesia, which was marked on 6404 and 5,603 accounts on a row.
Trysey Jin, CEO of Operations at Mexc, said that the fraudulent activity was fueled by a continuous flow of reassured victims Social engineering fraud. Jin added:
While it was distinguished in 2021, DEFI distributors, 2025 is increasingly characterized by social engineering manipulation.
Mix CN said the lack of education on cryptocurrencies and trading was the root cause of fraud, as many new users in these countries enter the markets before understanding joint fraud and financial engineering risks targeting encryption users.
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The recent results of the stock exchange are the need for education and awareness Common fraud that targets encryption users To avoid falling prey to the malicious actors.
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Inflasting social engineering attacks in the first half of 2025
In April 2025, ONSAIN Zackxbt investigator revealed the details of the accident about an elderly person It lost $ 330 million in bitcoin ((BTC) In the social engineering fraud process.
According to a subsequent update from Zackxbt, the Binance Security team and other Blockchain security companies helped to freeze $ 7 million from $ 330 million.
Crypto Excination Coinbase has revealed a later breach and a subsequent ransom attempt, it is likely to be Impact on up to 70,000 customers From the exchange, in May 2025.
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The actors were displayed for threats made with customer definition data, including names, addresses and phone numbers, but private keys or user boxes have not been hacked during data breach.
However, the founder of Techcrunch Michael Arengton warned that the data breach probably had been Put investors in a physical danger By revealing their contact information.
magazine: Coinbase Hack shows that the law may not protect you: this is the reason
