<div><div class="ace-line ace-line old-record-id-F3kNdSzLBoHr7MxiLBquHNHXsde">Recently, MEXC detected and swiftly disrupted the activities of coordinated groups engaged in abnormal trading behavior originating from the Vietnam market. These malicious actions involved organized market manipulation, posing a significant threat to market integrity and the interests of legitimate users. The identification and suspension of a major group involved in these manipulations marks a critical step toward strengthening market security, preventing their actions from further impacting other exchanges and users.<br /><br /></div><div class="ace-line ace-line old-record-id-Qtt7d2IuLo4DFHxijYHuoqdksQh">Thanks to MEXC's advanced detection and risk control systems, all trading operations remained fully intact, ensuring a secure and uninterrupted trading environment. We will continue to thoroughly investigate the attempted manipulation and transparently share details of the process with our users and other platforms. This will help reinforce market security and create a safer trading environment for everyone.<br /><br /></div><div class="ace-line ace-line old-record-id-J5mddtt7GojiM2xuMPYuKJwQsGe"><strong>Scope of the Issue</strong></div><div class="ace-line ace-line old-record-id-Z6wMdTq8coqoxOx7GFXuPQsXsBe"><br /></div><div class="ace-line ace-line old-record-id-AL8pdPOQ3o0AZYx2iDUuFuEbsvb">Our investigation uncovered a coordinated group of 44 users operating across 168 accounts, engaging in systematic market abuse. The identified violations included, but are not limited to: </div><div class="ace-line ace-line old-record-id-Ge7bd63GuofGGtxDBgBuKIBBsHg"><br /></div><ol start="1" class="list-number1"><li class="ace-line ace-line old-record-id-XdFkdvzIKoqAWUxD2wju6dr9sid"><div><strong>Self-Trading: </strong>Accounts engaging in transactions where the same entity acted as both buyer and seller, or where related accounts traded with each other. Indicators included, but are not limited to, shared funding sources, IP addresses, and synchronized trading patterns. </div></li><li class="ace-line ace-line old-record-id-TN26dc3PwoGbJxxuiRkuQtZQsLc"><div><strong>Spoofing:</strong> Frequent placement and cancellation of orders within the same day, intentionally misleading other market participants and distorting price movements. </div></li><li class="ace-line ace-line old-record-id-QfD6dET4QojeHQx4cwFu4E9qst8"><div><strong>Layering:</strong> Repeated placement of large-volume orders followed by cancellations creates false impressions of market depth and manipulates prices. </div></li><li class="ace-line ace-line old-record-id-QfD6dET4QojeHQx4cwFu4E9qst8"><div><strong>Disruptive Algorithmic Trading:</strong> Use of programmatic trading methods that threaten system stability and disrupt normal market operations. <strong></strong></div></li><li class="ace-line ace-line old-record-id-QfD6dET4QojeHQx4cwFu4E9qst8"><div><strong>Market Manipulation: </strong>Coordinated efforts to artificially influence asset prices or trading volumes through deceptive practices, including price inflation, suppression, and misleading order book activity, ultimately distorting fair market conditions.</div></li></ol><div class="ace-line ace-line old-record-id-EaWNdiY0ro9WTLxJPr0u0rHDsbc"><br /></div><div class="ace-line ace-line old-record-id-VTqDdOjo8oyynExORYTughLYs1c"><br /></div><div class="ace-line ace-line old-record-id-R7ledL0qeoT53pxtdtvu5slPszj"><strong>Actions Taken </strong></div><div class="ace-line ace-line old-record-id-ZPWFdA3xMooXdQxWKc0ufknnsbb"><br /></div><div class="ace-line ace-line old-record-id-VbnDdZeZ0oprh9xYtC8u9DBZszg">To safeguard market integrity and protect the interests of legitimate users, MEXC has implemented the following measures: </div><div class="ace-line ace-line old-record-id-K2PHdoxD3oaLrWxcoKSuoW5ssdK"><br /></div><ul class="list-bullet1"><li class="ace-line ace-line old-record-id-KyI5d7UDhohDlgxhiSzuhOpGsNe"><div>Restricted access to all identified accounts involved in violations. </div></li><li class="ace-line ace-line old-record-id-FDfCd4khgoigdLxEljTum5qhsHc"><div>Completed verification of the violations and assessed the extent of the impact. </div></li><li class="ace-line ace-line old-record-id-GG7xd4j1yopk6qxQrkKualTEsIg"><div>Determined appropriate rollback timelines based on transaction data analysis. </div></li><li class="ace-line ace-line old-record-id-TkJwdXSFhoY8JbxGudju7oy0szc"><div>Executed necessary transaction rollbacks to rectify market distortions. </div></li><li class="ace-line ace-line old-record-id-DW2hdbJC7oNsyQxGdaRuAgABsUf"><div>Initiated evaluations to determine the duration of account restrictions. </div></li></ul><div class="ace-line ace-line old-record-id-McTidgO0loa4waxTOSDu5joSsTg"><br /></div><div class="ace-line ace-line old-record-id-XBv5dDWhKoeI8Bx3GnWuUtQtsGc"><br /></div><div class="ace-line ace-line old-record-id-AGCQdeneSoJZ2fxFQemuasKXskb"><strong>Strict Risk Control at MEXC</strong></div><div class="ace-line ace-line old-record-id-Zb7Fdgn0xovQRhxakQPuJqP8s2c"><br /></div><div class="ace-line ace-line old-record-id-A8ASdK5ezoVVjJxdFYXuAAaMshc">MEXC enforces strict risk control measures to maintain a fair, secure, and transparent trading environment and takes decisive action against any events or activities that violate these standards, compromise platform integrity, or threaten user security.</div><div class="ace-line ace-line old-record-id-OGC9dKesRoA2Vix8TLmuEsydsTe"><br /></div><div class="ace-line ace-line old-record-id-O1JydrLCWoZOVXxwCe2upD6nsmf">Among the various violators, coordinated groups of manipulators pose a particularly serious threat, as their primary goal is to manipulate small-cap pairs, potentially leading to forced liquidations for regular users and harming legitimate traders. Coordinated malicious trading activities increased by 60% from January to February 2025 compared to November-December 2024.</div><div class="ace-line ace-line old-record-id-OklRdzdPuoENyixezFJufeDfsZf"><br /></div><div class="ace-line ace-line old-record-id-SJKJd5Bh0olivZxHhLlu2pgKsue">To address these risks, MEXC has a system of advanced risk control mechanisms and a set of proven measures against illicit activities that aim to protect the interests of legitimate users and maintain market integrity. By upholding strict policies, we create a level playing field where all users can trade with confidence.<br /><br /> </div><div class="ace-line ace-line old-record-id-SJKJd5Bh0olivZxHhLlu2pgKsue"><strong>Ensuring Fair and Secure Trading<br /><br /></strong></div><div class="ace-line ace-line old-record-id-D5vYdJbv3oCOsCx5hj5ucYCxsFf">We take great pride in operating one of the most robust protection systems against market manipulation. Thanks to its highly coordinated risk analytics department and advanced security mechanisms, MEXC successfully prevented significant losses from these manipulative activities and identified a group of manipulators whose actions could have further impacted other exchanges and users.</div><div class="ace-line ace-line old-record-id-KFO2dVxzfo8PCqxFOfpuQCZdsyf"><br /></div><div class="ace-line ace-line old-record-id-F2Eudk7wPoYjksxMv0ouOx5PsNf">MEXC remains steadfast in our commitment to maintaining market fairness and will not tolerate any non-compliant trading activities that harm user rights or disrupt market integrity. We thank our users for their continued trust and support as we work to create a safer and more transparent trading environment for all. </div><div class="ace-line ace-line old-record-id-JrG6dhf3xoF01yxeb4Oud19LsCc"><br /></div><div class="ace-line ace-line old-record-id-XWmUdAGRqoNFTExgpjIuFbdFsgd">For further inquiries or assistance, please reach out to our support team or contact <u><em><strong>investigation@mexc.com</strong></em></u>. </div><div class="ace-line ace-line old-record-id-FRtMdAeUJo6UH2xnsiluhD8cshh"><br /></div><div class="ace-line ace-line old-record-id-PN45dRUNtoRLd7xAkPbuLRn2s7d">For additional information about MEXC’s security measures and policies, please, refer to the following pages:</div><div class="ace-line ace-line old-record-id-Tk5edZY4doxdKzxi5ZSu8sjNsBe"><br /></div><h1 class="heading-1 ace-line old-record-id-Tyajdvq33of06Dx46UOuFIU4sqd"><div><div class="ace-line ace-line old-record-id-Tyajdvq33of06Dx46UOuFIU4sqd"><span style="color:rgb( 36 , 91 , 219 )"><u><a href="https://www.mexc.com/announcements/article/360047148511" style="font-size:14px">MEXC How To Handle Abnormal Trading Behaviors</a></u></span></div><div class="ace-line ace-line old-record-id-JOzqdXtqNo6OKHxw4cCuK6Wgs1d"><span style="color:rgb( 36 , 91 , 219 )"><u><a href="https://www.mexc.com/announcements/article/17827791522607" style="font-size:14px">Statement on Measures Against Abnormal Futures Trading Activities in Vietnam</a></u></span></div></div><br /></h1><div class="ace-line ace-line old-record-id-JOzqdXtqNo6OKHxw4cCuK6Wgs1d"><br /></div></div><p><br /></p>
<div><div class="ace-line ace-line old-record-id-QEXRdSuXXoum8ixGVRruf7Wesre">At MEXC, we are committed to maintaining a fair and transparent trading environment. Recently, our risk management team detected and took swift action against significant market manipulation activities in the Commonwealth of Independent States (CIS) region. After a thorough investigation, we have restricted access to accounts involved in severe violations that disrupted market integrity.<br /><br /></div><h2 class="heading-2 ace-line old-record-id-XdozdBT1CoXmAUxHo0LuiFWDssd"><strong>Scope of the Issue</strong></h2><div class="ace-line ace-line old-record-id-RuPOdJOHkoBxMGxWNdZuT9XFsAe">Our investigation identified a coordinated group of 138 users operating over 1,500 accounts to engage in systematic market abuse. These activities posed a serious threat to market fairness and investor confidence.<br /><br /></div><h2 class="heading-2 ace-line old-record-id-A6ZHddk4UoNUuyxgheDud5Egsxe"><strong>Identified Violations</strong></h2><div class="ace-line ace-line old-record-id-AsgddEzIoo0hSvxOL0NuxeFSswc"><div><div class="ace-line ace-line old-record-id-AsgddEzIoo0hSvxOL0NuxeFSswc"><span style="background-color:rgb( 255 , 255 , 255 )">Our investigation uncovered multiple forms of market manipulation, including but not limited to:</span></div><ol start="1" class="list-number1"><li style="text-align:left" class="ace-line ace-line old-record-id-Muzgd8tSAoiv5jxzLZEuiMy2sVg"><div><span style="background-color:rgb( 255 , 255 , 255 )"><strong>Self-Trading</strong>: Accounts engaging in transactions where the same entity acts as both buyer and seller, or related accounts trading with each other as counterparties. Indicators, but are not limited to, included accounts sharing funding sources, IP addresses, and synchronized trading patterns.</span></div></li><li style="text-align:left" class="ace-line ace-line old-record-id-Cnqmdq0MgomVIexxHafun2dosaf"><div><span style="background-color:rgb( 255 , 255 , 255 )"><strong>Spoofing</strong>: Frequent placement and cancellation of orders within the same day, deliberately misleading other market participants and affecting price movements.</span></div></li><li style="text-align:left" class="ace-line ace-line old-record-id-ZEi3dhnivohdpXxdekruyDtCsGe"><div><span style="background-color:rgb( 255 , 255 , 255 )"><strong>Layering</strong>: Multiple instances of large-volume order placement followed by cancellations, designed to create false impressions of market depth and manipulate prices.</span></div></li><li style="text-align:left" class="ace-line ace-line old-record-id-NSb4dQtkPoeKkFxTZaLu7BhesSh"><div><span style="background-color:rgb( 255 , 255 , 255 )"><strong>Disruptive Algorithmic Trading</strong>: Use of programmatic trading methods that threaten system stability and normal market operations.</span></div></li><li class="ace-line ace-line old-record-id-P8iod44eGoG6Uhxr9iIuFJXAsce"><div><span style="background-color:rgb( 255 , 255 , 255 )"><strong>Market Manipulation:</strong> Coordinated efforts to artificially influence asset prices or trading volumes through deceptive practices, including price inflation, suppression, and misleading order book activity, ultimately distorting fair market conditions.</span></div></li></ol><div class="ace-line ace-line old-record-id-FwdydQuzsoqM5NxpK1nuH6s5svf"><span style="background-color:rgb( 255 , 255 , 255 )">For detailed information on our risk management protocols and enforcement measures, please refer to <a href="https://www.mexc.com/announcements/article/360047148511">this article</a></span><span style="background-color:rgb( 255 , 255 , 255 )">. </span></div></div><br /></div><h2 class="heading-2 ace-line old-record-id-Np8MdCFtuo7ylJxjLUBufWlUs4d"><strong>Remedial Actions Taken</strong></h2><div class="ace-line ace-line old-record-id-AdW3dvCTaotbBHxdCCPuknMqsMg">To safeguard market integrity, we have implemented the following measures:</div><ul class="list-bullet1"><li style="text-align:left" class="ace-line ace-line old-record-id-FF3ldITpWopTFqxhNTQu9Eg2sDf"><div>Restricted access to all identified accounts</div></li><li style="text-align:left" class="ace-line ace-line old-record-id-SmXfd3i2YoMjskxJ9Rmu74lYscQ"><div>Completed verification of violations</div></li><li style="text-align:left" class="ace-line ace-line old-record-id-KhGHdZ0GCot3RGxSnRlu6dGusv1"><div>Determined appropriate rollback timelines based on transaction data</div></li><li style="text-align:left" class="ace-line ace-line old-record-id-Eg5fdyiUPofsSXxImabuAPfcsMf"><div>Implemented necessary transaction rollbacks</div></li><li style="text-align:left" class="ace-line ace-line old-record-id-KurqdrSSMob8EdxW4XxuExDZsJg"><div>Initiated evaluation of account restriction periods</div></li></ul><h2 class="heading-2 ace-line old-record-id-NDWpd5pjxoZYVZxJQzRuslWBsDh">Our Commitment to Market Integrity</h2><div class="ace-line ace-line old-record-id-AsoKdDYQtonkG8xNZucutpW5sRb">MEXC strongly condemns activities that undermine market fairness and harm the interests of other users. We maintain a strict risk control system to identify and address violations according to established protocols. We categorically reject any suggestion of arbitrary freezing of user assets.</div><h2 class="heading-2 ace-line old-record-id-RfxWdLuUcorbvgxoa9Tu2mf4sOV">Asset Security Assurance</h2><div class="ace-line ace-line old-record-id-AcUUdIqULo6chXxQLqEuqH2osNe">All user assets remain 100% secure. We maintain a transparent Proof of Reserves system to uphold security and accountability. For more information on our Proof of Reserve, please refer to this <a href="https://www.mexc.com/assets/reserve-proof">page</a>. Users with concerns about risk control measures are encouraged to contact our Customer Service for verification. </div><h2 class="heading-2 ace-line old-record-id-UTWzdAZfsoO927xjM9NugG0Ssxf">Conclusion</h2><div class="ace-line ace-line old-record-id-PSARdk7baorOk9xVD5EuJk5wsch">MEXC remains firmly committed to maintaining market fairness and will not tolerate any trading behaviors that violate regulations or harm the interests of our user community. We continue to uphold principles of fairness and transparency while ensuring the integrity of our platform.</div><div class="ace-line ace-line old-record-id-RLw3dlHRFocqH2xgu8yuvTVws9g"><br /></div></div><p><br /></p>
<p><strong>1. What is Phishing</strong></p> <p>Phishing is a criminal fraud in which criminals use various means to impersonate MEXC (website pages, customer service staff, etc.) to obtain sensitive personal information such as user names, passwords, funds and identification number.</p> <p> </p> <p><strong>2. Common Online Phishing Methods</strong></p> <p>Phishing methods mainly include phishing websites, SMS phishing, etc.</p> <p>Phishing websites: The attackers carefully imitate and create a phishing website that has the same interface as the MEXC official website to deceive users. When the users click and enter the phishing website without paying close attention to the link, and submit the account password and other relevant information, the attackers have succeeded in the attack.</p> <p>SMS phishing: Attackers pretend to be from the official platform and send enticing or misleading text messages to their target audience. These messages will normally prompt the users to click a link. Once the users accidentally click the link and submit sensitive information such as the account password, the attackers will be able to steal the information.</p> <p>In common phishing attacks, the attackers may impersonate the platform’s customer service, create a phishing website, or send text messages and emails to the users. They would lure users into clicking a link or scanning a QR code with reasons such as clearing out, account upgrading, or funds at risk. Once information such as account password, verification code, and fund password is leaked, the digital assets in the account will be stolen immediately.</p> <p> </p> <p> <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304282310057552IK0vUfWvweerw.png" alt="mceclip0.png" width="303" height="480"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304282310071159J2EXifsm5WTTg.png" alt="mceclip1.png" width="300" height="480"></p> <p> <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231008471MGDrQfXgrLt1fi.png" alt="mceclip2.png" width="305" height="488"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231010062urn1gGpjJiMC5f.png" alt="mceclip3.png" width="303" height="485"></p> <p> </p> <p> Example of phishing sites</p> <p> <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231011447bhH1Pce1tGp9kd.jpg" alt="mceclip4.jpg" width="219" height="155"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231012851CKKnZVSeBgUdJ6.png" alt="mceclip5.png" width="197" height="205"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304282310142689vKO60ILCgZGlM.png" alt="mceclip6.png" width="240" height="183"></p> <p> Example of phishing SMS</p> <p><strong>3. How To Guard Against Phishing Attacks?</strong></p> <p>(1) Identify phishing websites, do not click unknown links, and log in on the official website to avoid password leakage which can result in loss of funds.<br>Official website: <strong><a href="https://www.mexc.com/">https://www.mexc.com/</a></strong></p> <p>(2) Raise security awareness. The platform account password should be different from other websites. Private keys and mnemonics should not be saved locally.</p> <p>(3) Do not search for URLs using Google and other search engines. It is recommended that you manually enter the URL to log in. Look for the official MEXC website: <strong><a href="https://www.mexc.com/">https://www.mexc.com/</a></strong></p> <p>(4) Do not disclose account password and other information to anyone, especially your private key, etc.</p> <p>(5) Set up an anti-phishing code:<br>You can set it by going to "User Icon - Security - Anti-Phishing Code". After the set up is completed, all future emails sent to you by MEXC will contain the anti-phishing code. If there is no anti-phishing code in the email, it is a scam email and you need to be vigilant.</p> <p><br><strong>Setting up on website:</strong></p> <p> </p> <p> <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231015804RJ0DSVHFd57l6r.png" alt="mceclip9.png"></p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231017347DBf4O9WQsCyg4c.png" alt="mceclip11.png"></p> <p> </p> <p>(6) If you receive any call/email/URL/Telegram from an “official personnel”, you can visit the official verification channel <strong><a class="c-link" tabindex="-1" href="https://www.mexc.com/official-verify" target="_blank" rel="noopener noreferrer" data-stringify-link="https://www.mexc.com/official-verify" data-sk="tooltip_parent" data-remove-tab-index="true">https://www.mexc.com/official-verify</a> </strong>for verification.</p>
<p>Dear MEXCers,</p><p>We have recently discovered that some malicious individuals are using MEXC's name to create Telegram groups, claiming to be official Chinese groups for "arbitrage" activities. They are using this pretext to deceive users into transferring their personal ETH to a specific wallet, and then further transferring it to the scammers' malicious address. Subsequently, they promise to send users fake "MX" tokens (not officially issued by MEXC) in proportion, resulting in the fraudulent acquisition of users' assets.</p><p>We will like to emphasize that MEXC will never ask users for their account passwords, SMS verification codes, Google Authenticator codes, or any sensitive information in any form. Furthermore, we have never initiated any "arbitrage" activities. Please refer to our official announcements for information related to our activities. MEXC reminds you to be vigilant in recognizing scams and to guard against other forms of scams.</p><p>If you need assistance or have any inquiries, please click the Online Customer Service button located at the bottom right of the homepage. You can enter your questions there or send an email to our official customer service at: <a href="mailto:service@mexc.com">service@mexc.com</a>.</p><p> </p><p> </p><p>MEXC</p><p>August 4, 2023</p>
<div><p>Dear MEXCers,</p><p>Recently, we have discovered some phishing websites and fake MEXC apps. Please stay vigilant and avoid clicking on suspicious links from unofficial channels. Also, please refrain from downloading any unofficial MEXC apps. To ensure the safety of your assets, it is essential to set up Google Authenticator and use it when prompted on the official MEXC website.</p><p>Additionally, we have received reports of malicious individuals impersonating MEXC staff and creating online communities on platforms like WeChat, Telegram, etc., to solicit MEXC accounts, passwords, security verification codes, and other information from our users. We will like to emphasize that MEXC staff will never ask users for account passwords, SMS verification codes, Google Authenticator codes, or any sensitive information in any form. If you encounter any suspicious requests, please report them to the official MEXC channel.</p><p>For any assistance or inquiries, please log in to the official MEXC website and click on the Online Customer Service button at the bottom right of the homepage. You can enter your questions there or send an email to the official customer service mailbox: <a href="mailto:service@mexc.com"><strong style="font-weight:bolder">service@mexc.com</strong></a><strong style="font-weight:bolder">.</strong></p><p><br /></p></div><p> </p><p> </p><p>MEXC</p><p>August 4, 2023</p>