The post MEXC Launches $100M Fund to Protect Users from Breaches appeared on BitcoinEthereumNews.com.

MEXC Launches $100M Fund to Protect Users from Breaches MEXC launches $100M Guardian Fund to cover security breaches. Fund offers transparent wallet access and real-time balance updates.  MEXC serves 40M users, with 46% trading volume growth in May. Cryptocurrency exchange MEXC has announced the launch of a $100M Guardian Fund to cover users in situations of security breaches, hacks, and technical breakdowns. Announced on June 11, 2025, the fund is intended to compensate people who exploit critical vulnerabilities of the platform or become casualties of cyberattacks. The program guarantees that the mobilization of funds takes place quickly to cover losses. The wallet addresses and live balances will also be shown on the website of MEXC, and the project will be focused on transparency. The measure guarantees the user the seriousness of the site regarding security matters. Said Tracy Jin, the chief operating officer of MEXC: “This fund does not claim but actual protection.” A special team consisting of MEXC risk control, compliance, and security departments will govern the operations of the fund. Transparent and Swift Compensation Process The 100M Guardian Fund insures against damage that may arise in case of a significant security breach, such as platform compromise and system risk. With the MEXC internal team making the decisions, the pay process will be effective and responsible. The users can confirm the integrity of the funds with the publicly available information regarding the wallets. This transparency can become a new standard of the crypto industry, the security issues of which are still substantial. This fund has been made in a way that it can act swiftly in taking care of the affected users. MEXC highly values user security, and it is consistent with its fast development. Since its founding in 2018, the exchange has acquired more than 40 million users…

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Filed under: News - @ June 12, 2025 5:23 am