The MEXC cryptocurrency exchange reported a 200% increase in fraud cases in early 2025, highlighting the rapid evolution of scams involving deepfakes, fake tokens, and deceptive listings targeting users. Security experts have warned about address poisoning scams, where lookalike wallet addresses are used to deceive users, emphasizing the importance of verifying full wallet addresses before transactions. Multiple incidents of wallet fund theft have been linked to leaked mnemonic phrases and private keys, with hackers converting stolen assets to Ethereum and laundering them through platforms like FixedFloat. The largest users of Ethereum's EIP-7702 mechanism, which allows automatic transfer of funds from wallets with leaked credentials, are reportedly coin theft gangs rather than phishing groups. Victims have been advised to publicly disclose stolen wallet addresses to aid in tracking and recovery efforts. Additionally, warnings have been issued against fake security companies posing as helpers to victims, which instead cause further harm. Platforms like CoinMarketCap have cautioned users that they will never initiate direct messages requesting funds, urging vigilance to avoid scams. Overall, the cryptocurrency community is urged to prioritize security and skepticism to mitigate losses from increasingly sophisticated fraud schemes.