The MEXC platform has discovered and blocked more than 1,500 profiles associated TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America a significant market manipulation plan originating in Vietnam and the CIS nations.
The MEXC digital currency platform has stopped over 1,500 profiles suspected of being involved in a “large organized market manipulation” operation. An internal investigation revealed two distinct groups operating in Vietnam and the CIS nations, with certain profiles displaying daily trading volumes surpassing $20 million.
MEXC stated in a blog entry that these groups were engaged in “self-trading, spoofing, layering, front-running, quote stuffing,” and other market manipulation strategies. The platform’s calculations suggest that organized malicious trading activity “increased by 60% from January to February 2025, compared to the end of 2024.” MEXC noted that these schemes are increasingly utilizing “institutional-level liquidity, infrastructure, and algorithmic strategies.”
> “We are documenting a change in manipulation from retail to gangs and even quasi-institutional levels, which poses a systemic danger to the entire market infrastructure and individual platforms.”
> MEXC
MEXC stated that steps have been implemented to lessen the impact, including reversing suspicious transactions and suspending all identified profiles. They have also created a suspicious profile monitoring system that places flagged participants under “enhanced monitoring for at least 30 days.”
In early March, blockchain detective ZachXBT described Bybit’s nearly $1.5 billion hack as “eye-opening” and cautioned that security concerns in the sector may not improve without government rules that could “harm the entire sector.” According to ZachXBT, some “decentralized” protocols.
Analogous systems like eXch and THORChain, in spite of detectives emphasizing the matter, persist in “rejecting all accountability,” regardless of the fact that a considerable segment of their monthly trading turnover and charges stems from dealings associated with North Korea. Toncoin (TON) Value Forecast for March 26th
