The cryptocurrency exchange MEXC has published its security report for July-August, highlighting record levels in its insurance fund and enhanced fraud prevention measures.
Record Insurance Fund
The platform's insurance fund reached an all-time high of $559 million USDT in July. This milestone underscores how exchanges are building buffers to reduce auto-deleveraging and ensure fair settlements during volatile market conditions.
Anti-Fraud Measures
The report also noted that over the two months, the exchange restricted more than 17,000 accounts engaged in collusive behavior and blocked 2,008 bot-trading accounts, indicating a growing effort toward coordinated market abuse.
Proof of Reserves and the Platform's Future
The proof-of-reserves figures revealed that MEXC's major assets remain fully backed. As of August 31, the exchange reported reserve ratios of 129.85% for BTC, 104.05% for ETH, 113.23% for USDT, and 105.74% for USDC—all comfortably above the industry baseline of 100%.
This report reflects MEXC's resilience amid increasing regulatory pressure on centralized exchanges, emphasizing its record capital buffers and successful fraud prevention measures.
