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MEXC flags 200% spike in crypto fraud: India, Indonesia lead with over 30,000 accounts
- MEXC reported 80,057 fraud cases in Q1 2025, showing a 200% YoY increase.
- India detected 27,000 fraudulent accounts, up by 17% from the previous year.
- Indonesia witnessed a significant 1,303% surge in fraud cases, totaling 5,603.
- Fraudulent activities include market manipulation, bot-driven trading, and wash trading, with over 3,000 syndicates identified.
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