MEXC’s September Proof of Reserves Confirms Full Asset Backing
- MEXC’s BTC reserve ratio increased to 297%, covering user holdings of 4,106.57 BTC.
- USDT reserves are at a ratio of 119%, with holdings of over $1.8 billion USDT.
- ETH reserves stand at a ratio of 111%, securing user assets fully.
- Hacken audit confirms MEXC’s reserves exceed a full coverage ratio for all assets.
- MEXC uses Merkle Tree technology for transparent reserve verification.
MEXC has reaffirmed its commitment to transparency and security by releasing its September Proof of Reserves report, audited by Hacken. The report shows that all major assets are fully backed, with BTC reserves notably increasing from the previous month.
This thorough audit ensures users that their assets are protected and can be independently verified, reinforcing trust in MEXC’s platform operations and financial health.( Source)
