BlockBeats reported on June 11 that, according to an official announcement, MEXC has launched a $100 million safeguard fund explicitly designed to address platform security vulnerabilities, malicious attacks, and systemic risks. Key highlights are as follows:
Transparent Operations with Verifiable Assurance. The fund operates on a fully transparent model, with all wallet addresses publicly displayed on MEXC's website. Users can verify balances and transaction records in real-time through blockchain explorers. MEXC will create a dedicated page to allow users to monitor the fund's status at any time.
Rapid Response Mechanism. Unlike the complex claims process of traditional third-party insurance, the safeguard fund is well-capitalized and independently managed, avoiding prolonged waiting periods.
Robust Security System. MEXC COO Tracy Jin stated that the safeguard fund reflects the platform's commitment to "security first, user-centric" principles. Combined with the existing Proof of Reserves mechanism and contract insurance fund, MEXC has built a comprehensive asset security protection system for its users.
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