Cripto Exchange Mexc Freezes 1.5K + Accounts related to manipulation with more million markets

MESCC identified and suspended over 1,500 accounts involved in a coordinated market manipulation scheme that extend in relation to Vietnam and CIS countries.

Criptocurrenci Stock Exchange Mecc Over 1,500 accounts related to what describes as a “large coordinated group of manipulators” after its internal investigation revealed two coordinated groups operating in the countries and CIS, with some accounts depicting daily amounts of trade in more than 20 million dollars.

In a A post on blogMexc said groups deal with practice such as “self-transient, spooperation, layers, front run, listing” as well as other manipulative behavior in the market. According to the exchange calculations, coordinated malicious trade activities “increased by 60% from January to February 2025. Compared to the end of 2024.” The exchange said that these schemes are increasingly using “access to the institutional level of liquidity, infrastructure and algorithmic strategies”.

“We record the transformation of manipulation from retail in the group and even quasi-institutional levels, which carries systemic risks for individual exchange and market infrastructure as a whole.”

Mecc

The exchange said that they took steps to mitigate the impact, including the rolling of suspicious transactions and suspending all identified accounts. She also conducted a monitoring system for suspicious accounts, setting marked participants under “improved supervision for at least 30 days.”

Earlier in March, Blockcachin Sleuth Zachkbt called Almost $ 1.5 billion Haka “Opening eyes”, warning that industry security problems cannot be improved without government regulations that could “hurt our industry” per zachkbt, several “decentralized” protocols – e.g. EXCH and Thrachain, among others – they created almost all their monthly volumes and fees from transactions related to North Korea. Nevertheless, the investigator records, they “refuse to take responsibility.”