MEXC Releases Bimonthly Transparency Report: $559 Million Reimbursed to Users, $2.2M in Illicit Assets Blocked
The post MEXC Releases Bimonthly Transparency Report: $559 Million Reimbursed to Users, $2.2M in Illicit Assets Blocked appeared on BitcoinEthereumNews.com.
Victoria, Seychelles, 7 July 2025 — MEXC, a leading global cryptocurrency exchange, has released its official May–June 2025 Bimonthly Report, outlining new security initiatives, internal risk monitoring data, and major transparency updates. The report reaffirms MEXC’s commitment to safeguarding user assets and maintaining institutional-grade operational standards. Among the key disclosures: Proof of Reserves Update — The report confirms current key wallet holdings, providing publicly verifiable data to reinforce asset safety and user trust. $100M Guardian Fund — A new insurance mechanism designed to cover user losses in unforeseen incidents, such as protocol-level hacks and critical exploits, is now live. Futures Insurance Fund Growth — The fund aimed at mitigating forced liquidation losses has expanded its financial coverage, reflecting MEXC’s active protection of derivatives traders. Asset Recovery Protocols — New updates are introduced for refund processing related to user errors, including wrong network deposits. Illicit Transaction Response — Between May and June, MEXC successfully intercepted over 2.2 million USDT in stolen or hacked funds across 41 user cases. MEXC is ensuring that all user assets are fully redeemable at any time by maintaining over-collateralized reserves, as evidenced by the latest data. This means that for every unit of cryptocurrency users hold on the platform, MEXC holds more than one unit in reserve, guaranteeing asset withdrawal whenever needed. The Proof of Reserves (PoR) MEXC is reporting as of June 26, 2025, shows the platform holds enough assets to cover all user deposits. Key wallet holdings as of June 26: 4,08 million BTC, 69,234 ETH, 2.32 billion USDT, 72.3 million USDC. The launch of the groundbreaking $100 million Guardian Fund, a dedicated security reserve designed to protect users against major threats such as large-scale hacks, targeted attacks, and serious system vulnerabilities, is a key initiative prioritizing trading security at MEXC. This includes, but…
Filed under: News - @ July 7, 2025 10:20 am