MEXC Thwarts 70K Crypto Scams Amid Global Fraud Epidemic – Here’s How They Did It

Crypto exchange MEXC just dropped the hammer on fraudsters—blocking a staggering 70,000 scam attempts as digital asset crimes skyrocket worldwide. No fluff, just the hard truth about how they’re fighting back.

The Scam Tsunami Hits Crypto

While traditional banks still struggle with check fraud (yes, really), crypto’s borderless nature makes it a prime target for bad actors. MEXC’s security team has been working overtime to shut down phishing schemes, fake tokens, and social engineering attacks before they reach users’ wallets.

How Exchanges Are Fighting Back

Advanced AI now scans for suspicious transaction patterns 24/7. Real-time monitoring catches impersonators mid-scam. And guess what? The scammers hate it—their success rates are plummeting faster than a shitcoin after its first major exchange listing.

One cynical take? Maybe this crackdown will finally force regulators to stop grandstanding about ‘crypto crime’ and actually study how exchanges are outpacing legacy finance on security. But we won’t hold our breath.