Victoria, Seychelles — On March 9, 2026, MEXC published its bimonthly security report covering January and February. The exchange intercepted $4.09 million in fraudulent activity and maintained reserve ratios well above 100% for major assets.
Fraud Interception and Legal Actions
The report documents 34 successful fraud blocks, totaling $4.09 million. Of these, 26 cases have entered judicial proceedings. Activity originated from coordinated groups in the CIS, East Asia, and Southeast Asia, all identified and restricted before funds moved. MEXC also processed 924 user recovery claims, returning 553,228 USDT in mistaken transfers.
Reserve Ratios Exceed 100%
Reserve coverage across all major assets is substantially above user holdings: Bitcoin at 266%, Ethereum at 112%, USDT at 117%, and USDC at 124%. These figures are published in real time and verifiable via on-chain proof-of-reserves.
$100M Guardian Fund Remains Fully Operational
The exchange's $100 million Guardian Fund and Futures Insurance Fund (covering liquidation losses in derivatives trading) stayed fully funded and transparently queryable. MEXC says it will continue to publish structured security disclosures every two months, allowing users and institutional investors to track platform health.
About MEXC
Founded in 2018, MEXC serves over 40 million users across more than 170 countries. Known for its wide selection of trending tokens, frequent airdrop opportunities, and low trading fees, the exchange also offers true zero-fee spot trading.