Latest news with #GuardianFund
Mint
11-07-2025
- Business
- Mint
MEXC reveals trading anomalies jumped 200% in Q1
Victoria, Seychelles – 11th July 2025 – MEXC, a leading global cryptocurrency exchange, has released a Q1 2025 report revealing a 200% quarter-over-quarter increase in detected trading fraud. The findings show a noticeable rise in socially engineered market manipulation, with fraudulent activities most concentrated in South Asia, Indonesia, and the Commonwealth of Independent States (CIS) region. The report details that MEXC identified over 80,000 syndicated fraud attempts in the first quarter, uncovering more than 3,000 individual fraud syndicates. These illegal activities primarily involved coordinated wash trading and market manipulation schemes. In response, MEXC is intensifying its risk control actions to preserve the integrity of its trading environment and safeguard its global user base from malicious actors. The surge in these regions corresponds with rapid crypto adoption, which has often outpaced the growth of financial literacy. Malicious actors are taking advantage of this gap by running so-called "educational" groups on social platforms like Telegram and YouTube. These groups often pretend to be investment communities but are actually coordinated efforts to mislead unsuspecting traders, particularly newer and younger investors, into pump-and-dump schemes. 'While 2021 was marked by DeFi exploits, 2025 is increasingly characterized by socially engineered market manipulation,' said Tracy Jin, Chief Operating Officer of MEXC Research. 'We've observed a growing number of so-called 'educational' trading groups that appear to be coordinated efforts to mislead users. This trend highlights the importance of user education and protection, especially for younger investors who may be more likely to believe persuasive but harmful narratives.' MEXC's multi-layered risk control framework, which makes use of real-time automated detection and expert human review, is identifying and restricting accounts that exhibit abnormal order patterns and other suspicious behaviors. These necessary actions align with global anti-money laundering guidelines and internal protocols designed to create a fair trading arena for all compliant users. To directly counter the financial risks faced by users, MEXC has instituted the $100 million Guardian Fund. This fund offers a vital safety net for users impacted by severe security threats. In a move toward full transparency, the wallet addresses for the Guardian Fund are publicly accessible, allowing anyone to monitor its balance and transactions on the blockchain. Demonstrating its commitment to a secure and trustworthy trading environment, MEXC has initiated the "Proof of Trust" campaign. This global program combines security protocols, including regular Proof-of-Reserves disclosures and strategic partnerships with leading blockchain auditors like Hacken, with extensive user education. The exchange's ecosystem vision also shows how much it cares about the health of the digital asset space. With the goal of supporting innovation and growth across the industry, MEXC has committed $330 million to ecosystem development. Housing a selection of over 3,000 listed tokens, MEXC continues to be a destination for a diverse range of digital assets while maintaining its focus on security and market exchange continues to strengthen its security infrastructure and promote safe trading practices through various user protection measures and educational initiatives, especially in regions most affected by the recent wave of fraud. Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. Disclaimer: Readers are advised that Crypto products and NFTs are unregulated and involve significant risks. There may be no regulatory recourse for losses arising from such transactions. Hindustan Times/HTDS shall not, in any manner, be responsible or liable for the content of the article, advertisement, including the views, opinions, announcements, declarations, or affirmations expressed therein and is absolved from any legal action or enforceable claims. This content is for informational and awareness purposes only and does not constitute financial advice. Want to get your story featured as above? click here!
Cision Canada
16-06-2025
- Business
- Cision Canada
MEXC Unveils "Proof of Trust" Campaign for Crypto Security, Audits, and User Protection
VICTORIA, Seychelles, June 16, 2025 /CNW/ -- MEXC, a leading global cryptocurrency exchange, has launched Proof of Trust, a comprehensive global campaign aimed at strengthening user protection, operational transparency, and community trust across the crypto sector. This initiative combines concrete financial safeguards with security partnerships, open education, and user-first design — positioning MEXC as one of the most proactive players in an increasingly risk-conscious market. As part of the initiative, MEXC is implementing advanced security protocols and forming strategic partnerships with leading blockchain auditing firms. In March 2025, the exchange partnered with Hacken, a well-known blockchain security auditor, to support external risk monitoring and system-wide security assessments. According to MEXC COO Tracy Jin, "External, independent verification is essential for maintaining trust and accountability. We thank Hacken for their work and remain committed to prioritizing security and transparency as we scale globally." Central to the Proof of Trust campaign is MEXC's groundbreaking $100 million Guardian Fund, which represents one of the industry's most transparent and accessible user protection mechanisms. This fund provides comprehensive coverage for users facing severe security threats, including large-scale exploits, targeted attacks, and unforeseen system vulnerabilities. What sets this fund apart is its complete transparency—all wallet addresses are publicly disclosed on MEXC's website, allowing users to verify balances and monitor transactions through blockchain records. Unlike traditional third-party insurance with lengthy claims processes, the Guardian Fund offers agile and rapid deployment, ensuring users receive timely support. This initiative establishes a new industry benchmark for proactive risk management and demonstrates MEXC's commitment to putting user safety first. The campaign also includes a renewed focus on user empowerment through education. MEXC Learn, the platform's multilingual educational hub (available in over eight languages), provides free access to beginner guides, safety tools, and advanced trading insights — helping both newcomers and seasoned traders navigate the ecosystem responsibly. To reinforce financial integrity, MEXC now publishes enhanced Proof-of-Reserves and Security Reports on a bi-monthly basis, allowing users to verify that all major assets are fully backed independently. Current data confirms reserve ratios exceeding 100% across core cryptocurrencies — underlining the exchange's liquidity strength and long-term solvency. Importantly, MEXC remains one of the financially strongest and most secure centralized exchanges. In addition to routine Proof-of-Reserves disclosures, the exchange maintains insurance and emergency funds to protect user assets in the event of force majeure events such as cyberattacks, system breaches, or other unforeseen security incidents. In 2025, MEXC plans to increase its security and protection budgets as part of its broader commitment to making digital asset trading safer for global users. The Proof of Trust campaign by MEXC is also focused on community and engagement. The platform design is elaborated in detail to reflect user-centricity, simplicity, and innovation. Besides, UX (user experience) metrics are being continuously researched and revised accordingly. Feedback from users is a cornerstone for providing an engaging and fulfilling environment. Stories and interactive campaigns featured by MEXC add up to both positive networking and valuable experience sharing. MEXC is dedicated to maintaining the highest standards of security and user satisfaction, industry experts say. The launch of the Proof of Trust multifaceted campaign, combining unprecedented security and transparency measures with community engagement and education, is a substantial input of MEXC into the crypto industry globally. By employing such large-scale initiatives, MEXC is maintaining its leadership and trendsetter position in the market. About MEXC Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
Cision Canada
11-06-2025
- Business
- Cision Canada
MEXC Unveils $100 Million Guardian Fund to Safeguard Users Against Security Threats
VICTORIA, Seychelles, June 11, 2025 /CNW/ -- MEXC, a leading global cryptocurrency exchange, has unveiled a groundbreaking $100 million Guardian Fund to enhance user safety and trust across its platform. This fund is designed to provide a strong safeguard for users facing severe security threats, such as large-scale exploits, targeted attacks, or unforeseen system vulnerabilities. In a move toward greater accountability, MEXC has made the fund fully transparent by disclosing wallet addresses publicly—setting a new industry standard for proactive risk management and user protection. Complete Transparency And User Access MEXC's $100 million Guardian Fund is built on a foundation of complete transparency. All fund wallet addresses ( including holding USDT wallet address here), will be publicly displayed on MEXC's website, allowing anyone to verify balances and monitor transactions through the blockchain. Users can see exactly how much is available, review the full transaction history, and independently verify the fund's integrity—ensuring confidence through verifiable data. MEXC will create a special webpage where users can view wallet addresses, check fund balances, understand coverage scenarios, and track active compensation cases. This central hub provides complete visibility into how the fund works and what's covered. By combining transparent fund management with a user-friendly interface, MEXC empowers its community with the tools and visibility needed to stay informed and protected. What's Covered The fund covers various security incident scenarios such as: Platform Breaches: Compensation when MEXC's systems are compromised Technical Problems: Protection from losses due to serious system vulnerabilities Flexible and Responsive Protection Unlike traditional third-party insurance, which often involves lengthy claims processes and delays, MEXC's $100 million Guardian Fund offers a more agile and transparent approach. The fund is readily available and can be deployed swiftly once a security incident is verified—ensuring users receive timely support without the red tape. Security and User First In light of recent high-profile hacks across the industry, the importance of security can't be overstated," said Tracy Jin, COO of MEXC. "At MEXC, we take security seriously—and we take action. The $100 million Guardian Fund is our way of leading by example. We're not only strengthening our internal defenses, but also offering real, transparent protection for our users. This isn't just about promises—it's about accountability, and delivering visible safeguards when they matter most The launch of the Guardian Fund underscores MEXC's ongoing commitment to providing industry-leading security alongside its services. In addition to this new fund, MEXC also maintains a Proof of Reserves mechanism and a dedicated Insurance Fund Account for futures trading. The Proof of Reserves ensures that all user assets are 100% backed, while the Insurance Fund Account is designed to cover any shortfalls when users' losses during liquidation exceed their available margin. Together, these measures highlight MEXC's strong focus on asset security and risk mitigation. Combined with the $100 million Guardian Fund, MEXC offers traders comprehensive protection against extreme market volatility. About MEXC Founded in 2018, MEXC is committed to being "Your Easiest Way to Crypto." Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
