Recently, MEXC announced it liquidated a large group of market manipulators involved in self-trading and spoofing. This operation impacted 44 Vietnamese users and 138 from CIS countries, freezing over 1,500 accounts in total.
The exchange highlighted a 60% rise in coordinated market manipulations from January to February 2025. MEXC urged authorities for better regulation, noting that institutional participation in manipulation presents systemic risks to the broader crypto market.
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