Latest news with #Hacken
Cision Canada
4 days ago
- Business
- Cision Canada
KuCoin Completes Independent Hacken-Audited Proof of Reserves
Achieves the 32nd Consecutive Month of Publishing PoR Reports, Sustaining over 100% Coverage VICTORIA , Seychelles , July 10, 2025 /CNW/ -- KuCoin, a leading global cryptocurrency exchange, is pleased to announce the successful completion of its latest Proof of Reserves (PoR) audit, conducted by renowned blockchain security firm Hacken. Through rigorous PoR audit procedures — including Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a comprehensive Proof of Reserves Assessment — the audit covered a wide range of assets across multiple blockchain networks. This process underscores KuCoin's commitment to full transparency and user trust. Continue Reading During the meticulous evaluation, KuCoin successfully demonstrated that its holdings not only fully cover but exceed all user liabilities across all in-scope assets, maintaining a solid reserve ratio greater than 1:1. These assurances are substantiated by the compelling findings presented in the audit results and mark the 32nd consecutive month that KuCoin has published a PoR report confirming full collateralization — a clear testament to the platform's long-standing dedication to transparency and user protection. The audit validated KuCoin's reserves across a broad range of cryptocurrencies , confirming that all user liabilities for in-scope assets are fully backed without exception. According to the latest data available on KuCoin's Proof of Reserves page as of June 30, 2025 , the platform maintains the following reserve ratios for key assets: BTC: 110% 110% ETH : 110% 110% USDT: 114% 114% USDC: 112% These figures reflect KuCoin's prudent approach to risk management and its commitment to maintaining the highest standards of financial security. The audit encompassed assets across more than 30 blockchain networks, such as Ethereum , Solana , TON, and zkSync. Using industry-standard methodologies including custom digital signatures, "send-to-self" transactions, and anonymized liability snapshots, Hacken verified KuCoin's ownership and control of all listed wallets, with no discrepancies or shortfalls identified. "At KuCoin, we believe transparency is the foundation of trust in the crypto ecosystem," said BC Wong, CEO of KuCoin. "This audit not only validates our dedication to safeguarding user assets but also reflects our broader vision of building a secure and inclusive platform for all. We will continue to prioritize transparency and security as we work toward empowering our users and advancing global digital asset adoption. Asset audits represent a vital starting point for industry self-regulation — a necessary step toward building user confidence and supporting the long-term, sustainable development of the crypto space." Looking to the future, KuCoin is dedicated to bolstering user trust through its $2 billion Trust Project, an initiative aimed at fortifying security and transparency across the platform. As part of this initiative, KuCoin will continue to uphold transparency. This includes ongoing investments in cutting-edge security infrastructure to provide a seamless and secure experience. KuCoin also invites users to actively participate in using the intuitive tools available on the Proof of Reserves page. By offering users the ability to verify on-chain data directly, KuCoin continues to push the boundaries of trust and accountability. About KuCoin Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at: SOURCE KuCoin [email protected]
The Mainichi
5 days ago
- Sport
- The Mainichi
Football: Everton sign Nadeshiko Japan defender Hikaru Kitagawa
LONDON (Kyodo) -- Everton of the English Women's Super League on Wednesday announced the signing of Japan defender Hikaru Kitagawa from Swedish first-division club Hacken. The 28-year-old from Ishikawa Prefecture joins Japanese compatriots Honoka Hayashi and Rion Ishikawa at Everton. Kitagawa moved to Hacken in 2024 after playing for Nadeshiko Japan at the Paris Olympics.
Zawya
01-07-2025
- Business
- Zawya
Bybit releases its 24th Proof-of-Reserves report to reinforce trust and transparency
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has published the latest proof-of-reserves (PoR) audit report by Hacken, along with snapshots of its reserve ratios of customer assets as of June 19, 2025, backing all 40 in-scope asset types with over 100% in reserves. In line with industry-leading best practices in PoR transparency, Bybit makes its solvency verifiable—rather than assumed—through regular updates. The latest snapshot also provides insights into key changes in holdings compared to the previous update on May 23, 2025: Exceeding the norm of 1:1 backing: All in-scope asset types were covered by over 100% in corresponding reserves, with USDC at the highest ratio of 143%. This is followed by XRP at 137%, up from 106% in the May snapshot, echoing its popularity thanks to the XRP ETF boost. ETH outpaces BTC in growth rates: Holdings of ETH increased by 6.09% to 646,987 ETH, with BTC holdings increasing by 1.67%. This coincides with ETH's sustained growth in recent weeks, although BTC remains the dominant asset for traders. Stablecoin landscape: USDe recorded a 22.8% increase in customer holding since the May snapshot, totaling 545 million USDe at a comfortable 105% reserve ratio. USDT holdings fell by 7.44%, or 386 million USDT, while the reserve ratio rose to 104% from 1:1. USDC also saw a moderate retreat by 1.72% in customer holdings to 399 million USDC. The latest update reflects a healthy mix of customer holdings at Bybit and a baseline of at least 100% in reserve assets. Since 2024, the crypto industry has made significant strides in PoR adoption and standardization. The push for PoR has become more institutionalized, with leading CEXs setting the standard for critical trust-building mechanisms. Fully backing all supported customer assets at dynamic ratios above 1:1, Bybit commits to an industry-leading reporting framework that is open, verifiable, and up-to-date.
Associated Press
16-06-2025
- Business
- Associated Press
MEXC Unveils "Proof of Trust" Campaign for Crypto Security, Audits, and User Protection
VICTORIA, Seychelles, June 16, 2025 (GLOBE NEWSWIRE) -- MEXC, a leading global cryptocurrency exchange, will launch 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. MEXC Official Website ｜ X ｜ Telegram ｜ How to Sign Up on MEXC Source Contact: Lucia Hu [email protected] Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at
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.
