MEXC Enforces Strict Measures Against Coordinated Market Abuse in Vietnam
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.
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.
Scope of the Issue
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:
- Self-Trading: 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.
- Spoofing: Frequent placement and cancellation of orders within the same day, intentionally misleading other market participants and distorting price movements.
- Layering: Repeated placement of large-volume orders followed by cancellations creates false impressions of market depth and manipulates prices.
- Disruptive Algorithmic Trading: Use of programmatic trading methods that threaten system stability and disrupt normal market operations.
- Market Manipulation: 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.
Actions Taken
To safeguard market integrity and protect the interests of legitimate users, MEXC has implemented the following measures:
- Restricted access to all identified accounts involved in violations.
- Completed verification of the violations and assessed the extent of the impact.
- Determined appropriate rollback timelines based on transaction data analysis.
- Executed necessary transaction rollbacks to rectify market distortions.
- Initiated evaluations to determine the duration of account restrictions.
Strict Risk Control at MEXC
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.
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.
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.
Ensuring Fair and Secure Trading
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.
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.
For further inquiries or assistance, please reach out to our support team or contact investigation@mexc.com.
For additional information about MEXC’s security measures and policies, please, refer to the following pages:
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