MEXC Bolsters Security with Hacken Partnership

Cryptocurrency trading platform MEXC has announced a strategic partnership with blockchain security auditor Hacken to enhance its security measures. The collaboration aims to safeguard the platform's infrastructure from vulnerabilities and cyber threats, demonstrating MEXC's commitment to evolving alongside the crypto space.

Hacken will conduct a comprehensive security assessment, focusing on critical areas such as identifying and addressing vulnerabilities across MEXC's web applications, mobile apps, and APIs. The assessment will also evaluate encryption measures to prevent data leakage, strengthen session management to mitigate hijacking and fixation attacks, and assist MEXC in verifying user input sanitization to prevent injection attacks.

Tracy Jin, COO of MEXC, commented on the partnership: "At MEXC, the security of our users and their assets stands as our paramount priority. Through our strategic partnership with Hacken's cybersecurity experts, we implement industry-leading security measures that evolve alongside emerging threats. This multi-dimensional approach ensures that MEXC remains both agile in responding to market opportunities and resilient against security challenges."

Dyma Budorin, CEO of Hacken, added: "A reliable trading platform needs a strong security backbone, and at Hacken, we are committed to protecting users and maintaining a secure ecosystem. Through a comprehensive security assessment, we will identify and address potential risks, strengthening MEXC's defenses against emerging threats."

In addition to the partnership, MEXC continues to provide Proof of Reserves to ensure asset safety and maintain transparency for its users. This feature supports the security of users during withdrawal runs, with reserve rates updated every two months and available for public verifications and audits.

MEXC has allocated over $448 million through its Insurance Fund Account to cover deficits arising when users' losses during liquidation exceed their available margin. This insurance fund serves as an additional layer of protection for MEXC users, further strengthening the platform's commitment to user protection.

Founded in 2018, MEXC serves over 32 million users across 170+ countries and regions. The platform is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees, making it a popular choice for cryptocurrency traders worldwide.