MEXC announced the expansion of its partnership with Hacken to implement monthly independently verified Proof-of-Reserves audits. The reports will confirm that users’ assets are fully backed and cannot be altered internally.
Each report will be published by Hacken without review from MEXC, comparing the exchange’s reserves with user balances across major assets. Users will be able to verify their funds through a Merkle Tree system on the dedicated PoR page.
The initiative aims to strengthen transparency and user trust amid growing demand for regular audits at centralized exchanges. MEXC maintains that monthly independent audits could become an industry standard, especially in light of stricter regulations emerging in the U.S., Europe, and Asia.
Source: https://www.mexc.com/announcements/help-faq/36
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