MEXC Taps Hacken for Proof-of-Reserves Audits to Boost Transparency

Why It Matters

The monthly third‑party audits give investors and regulators verifiable evidence that MEXC’s assets are fully backed, helping restore confidence in centralized crypto exchanges and setting a higher industry standard for transparency.

Summary

MEXC has expanded its partnership with blockchain security firm Hacken to launch monthly, independently verified Proof‑of‑Reserves (PoR) audits, with reports to be published by Hacken without MEXC review starting in late November. The audits will compare MEXC’s on‑chain reserves against user balances across major assets, supplementing the exchange’s existing Merkle‑tree PoR system that already shows reserve ratios above 100% for those assets. MEXC serves over 40 million users in more than 170 jurisdictions and ranks ninth by trading volume at roughly $3.65 billion, positioning the new transparency framework as a response to lingering trust issues after the FTX collapse. Hacken, which has audited other major exchanges such as Bybit, brings a track record of serving over 1,500 clients including Binance and the Ethereum Foundation.