MEXC taps Hacken for proof-of-reserves audits to boost transparency
The exchange will publish monthly, independently verified reserve reports, giving users third-party confirmation that assets are fully backed.
MEXC has expanded its partnership with blockchain security platform Hacken to introduce monthly, independently verified Proof-of-Reserves (PoR) audits, marking a shift toward a more formalized transparency framework for the exchange.
The monthly audits will add independent verification to MEXC’s existing PoR system, creating an external record of reserves that cannot be altered internally. Hacken will publish each report independently, without MEXC’s review or approval, starting in late November. The checks will compare MEXC’s reserves with user balances across major assets.
MEXC said its current reserve ratios remain above 100% across major assets, with users able to verify their balances through the exchange’s Merkle tree system on a dedicated proof-of-reserves page.
