MEXC Intercepts Over $38 Million in Risk-Related Funds
- MEXC intercepted all of the reported risk-related funds, totaling approximately $38.66 million USDT.
- The Futures Insurance Fund increased to a balance of $792 million USDT.
- Reserve ratios for major assets like BTC, ETH, USDT, and USDC remained above 100%.
- A total of over $535 million was lost in the crypto industry due to security incidents during July and August.
- MEXC identified and restricted over 20,000 accounts associated with risk-related activities.
In July and August, MEXC successfully intercepted all reports involving risk-related funds flowing into its platform, covering approximately $38.66 million USDT. The platform’s Futures Insurance Fund grew to $792 million USDT, providing a buffer against negative balance risks during market volatility.
This robust performance underscores MEXC’s commitment to safeguarding user assets through effective risk management strategies and maintaining high reserve ratios for major cryptocurrencies like BTC and ETH.
