Alert on iPad saying fraud alert and that it’s been locked

Its a scam. Do not interact with the pop-up message or the browser window in which the alert appears. Just close the pop-up or browser tab.

Due to the system architecture of iOS/iPadOS, unless jailbroken (don’t go there!), your iPad is not susceptible to traditional malware infection per-se. However, as with all computer systems, there are still vulnerabilities and exploits to which you remain vulnerable. Be wary of the myth that Apple devices are immune to malware; those that perpetuate this untruth do not understand the broader threat landscape.

Browser-based attacks, such as the one you have experienced, can largely be mitigated by installing a good Content and Ad-blocking product. One of the very best and most respected within the Apple App Store - designed for iPad, iPhone and Mac - is 1Blocker for Safari.

https://apps.apple.com/gb/app/1blocker-for-safari/id1365531024

1Blocker is highly configurable - and crucially does not rely upon an external proxy-service of dubious provenance. All processing takes place on your device - and contrary to expectations, Safari will run faster and more efficiently. 

Unwanted content is not simply filtered after download (a technique used by basic/inferior products), but instead undesirable embedded content blocked form download. A further benefit on metered services, such as cellular connections where you data may be capped or chargeable, this not only improves speed but also saves you money. 1blocker is regularly and actively updated, including new blocking technologies as iOS/iPadOS is enhanced over time.

A further measure to improve protection is to use a trusted Recursive DNS Service in preference to automatic settings. This can either be set on a per-device basis in Settings, or can be set-up on your home Router. I strongly recommend using one of the following services - for which IPv4 and IPv6 server addresses are listed:

Quad9 (recommended)

9.9.9.9

149.112.112.112

2620:fe::fe

2620:fe::9

OpenDNS

208.67.222.222

208.67.220.220

2620:0:ccc::2

2620:0:ccd::2

Cloudflare+APNIC

1.1.1.1

1.0.0.1

2606:4700:4700::1111

2606:4700:4700::1001

Use of the above DNS services will help to shield you from “known bad” websites and URLs - and when used alongside 1Blocker, or other Content Blocker provides defense in depth.

I hope this information and insight proves to be helpful. 

Most likely a scam, change your Apple ID passwords and make sure your password recovery options are up to date.