MEXC launches $100M user protection fund to cover platform breaches

MEXC introduces a $100 million fund to protect users from platform breaches, hacks and technical failures, with real-time wallet transparency.

Crypto exchange MEXC has rolled out a $100 million user protection fund aimed at shielding its users from major platform breaches, technical failures or other serious security threats.

The fund is structured to compensate users in the event of major security incidents, including breaches of the platform’s infrastructure, critical system vulnerabilities or large-scale targeted hacks, the exchange told Cointelegraph.  

MEXC has also published wallet addresses linked to the fund on its website, allowing users to verify balances and monitor fund activity in real-time. A dedicated web portal will also provide information about the fund’s structure, covered scenarios and ongoing compensation cases.

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