Crypto Exchange, MEXC Freezes Over 1,500 Accounts Tied To Market Manipulators

Popular crypto exchange, MEXC, announced suspension and freezing of over 1500 accounts connected to a “large-scale coordinated group of market manipulators.

On March 25, 2025, popular cryptocurrency, MEXC said that a notable concern is the presence of large groups and institutional-level actors in these manipulations. The exchange found that some of the accounts involved showed daily trading volumes of over $20 million, and the participants’ algorithms created short-term distortions on individual pairs with an increase in volatility of up to 120%.

“Such actions, if not properly checkmated, could lead to mass liquidations and distortion of the asset’s market price within minutes,” the company raised alarm.

“We are recording the transformation of manipulations from the retail to the group and even quasi-institutional level, which carries systemic risks for both individual exchanges and the market infrastructure