MEXC Suspends 1500 Accounts: Takes Action Against Trading market Manipulation Scheme

MEXC, a well-known crypto asset exchange based in Seychelles, has declared the suspension of 1500 accounts tied to a “significant organized group of trading market manipulators.”

On 25 March 2025, MEXC expressed concerns regarding the involvement of large groups and institutional players in these manipulations. The trading protocol discovered that some implicated accounts exhibited daily trading volumes exceeding $20 million, with participants’ algorithms causing short-term distortions on specific pairs resulting in price swings spikes of up to 120%.

“If such actions are not swiftly detected, they could trigger mass liquidations and severely distort market prices within moments,” stated the company.

“We are observing the transition of manipulations from individual retail traders to organized group activities and even quasi-institutional levels, which pose systemic risks for both single exchanges and the overall crypto market infrastructure,” the MEXC press release stated.

@MEXC_Official has frozen over 1,500 accounts related to market manipulation.

The crypto asset trading platform MEXC reported a 60% rise in coordinated malicious trading operations compared to late 2024.

MEXC identified two coordinated groups that utilized a comprehensive array of manipulative… pic.twitter.com/voGbhEhesl

— TU Airdrop Daily (@daily_tu69577) March 26, 2025

DISCOVER: 10 Coins with High Returns: Crypto Forecast 2025

MEXC Uncovers Coordinated Groups Involved in Manipulative Trading Tactics

Through an internal probe, the firm identified two organized trading groups — one based in Vietnam and the other in CIS countries.

MEXC disclosed that these groups were participating in manipulative trading practices, such as “self-trading, spoofing, layering, front-running, quote stuffing, spoofing, layering, and various other market manipulation tactics.”

Nevertheless, MEXC intervened to halt these activities and suspend the involved accounts.

According to MEXC, these coordinated malicious trading actions surged by 60% from January to February 2025 in comparison to the end of 2024.

A notable concern in this instance is the development of crypto market manipulation methods. MEXC indicated that these schemes are progressively employing “institutional-level access to market fluidity, infrastructure, and algorithmic strategies,” reflecting a transition from retail-level manipulation to more structured, quasi-institutional operations.

DISCOVER: 10 Best AI Crypto Coins to Invest in 2025

A Focused Reversal of Doubtful Transactions

The firm stated that it has executed a targeted reversal of suspicious transactions and suspended all identified accounts linked to the scheme.

MEXC assured that all user funds are safe, and the Proof of Reserves system along with the platform’s insurance fund can mitigate risks linked to anomalous liquidations.

Tracy Jin, COO of MEXC, remarked on the situation, stating, “We view this incident as a sign of the forthcoming wave of threats to digital markets — organized, large-scale, technically proficient groups capable of coordinating actions over numerous tokens and countless accounts.”

“Without effective synchronization among platforms and regulators, the industry is poised for another period of trading market instability,” Jin added.

EXPLORE: Top Solana Meme Coins to Buy in March 2025

The post MEXC Freezes 1500 Accounts: Cracks Down On Crypto market Manipulation Scheme appeared first on 99Bitcoins.