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MEXC and Hacken Join Forces to Elevate Cryptocurrency Security Standards

In a significant development for the cryptocurrency trading space, MEXC, a leader in the crypto trading industry, has announced a strategic partnership with Hacken, a renowned blockchain security professional. This collaboration marks a pivotal step in MEXC's ongoing effort to bolster the security of its trading platform and safeguard user assets in an ever-evolving digital landscape.

Why Security Matters in Cryptocurrency

As the cryptocurrency ecosystem matures, the calls for robust security measures grow louder. Cyber threats are an ever-present danger, making it imperative for platforms like MEXC to not only offer attractive trading options but also ensure that user investments are protected from potential breaches. This partnership with Hacken underscores MEXC's commitment to maintaining a resilient and secure trading environment.

Comprehensive Security Assessment

As part of their collaboration, Hacken will carry out a thorough security assessment of MEXC’s infrastructure. This evaluation aims to identify and resolve potential vulnerabilities across multiple facets of the platform, including web applications, mobile apps, and APIs. Specific focus will be given to:

• - Identifying Vulnerabilities: Scrutinizing the platform to detect and rectify potential weaknesses that could be exploited by malicious entities.
• - Data Protection: Assessing encryption protocols to prevent unauthorized access and data leakage.
• - Session Management: Ensuring rigorous safeguards against hijacking and fixation attacks, thus aiming to protect user sessions effectively.
• - Input Sanitization: Verifying that user inputs are adequately sanitized to mitigate the risk of injection attacks.

Tracy Jin, the COO of MEXC, emphasizes, "The security of our users is of paramount importance to us. While we strive to provide top-notch assets for trading, we are equally dedicated to creating a secure environment for our users' investments. Our partnership with Hacken will see us implement cutting-edge security measures that adapt alongside new threats. This approach guarantees that MEXC remains agile in market opportunities while resilient against security challenges."

Trust and Transparency: The Pillars of MEXC

MEXC has also instituted mechanisms to demonstrate its commitment to user trust and transparency. One of the critical features introduced is the Proof of Reserves, which assures users about the safeguarding of their assets. This feature works by updating reserve rates every two months, allowing traders to engage without fears of withdrawal runs. This transparency further elevates MEXC's position in a market that demands accountability.

Additionally, as of February 28, 2025, the platform has set aside over $448 million from its Insurance Fund Account to cover any deficits that may arise for users whose liquidation losses exceed their available margins. This proactive approach showcases MEXC's priority in user security and trustworthiness.

Hacken's Commitment to Security

Hacken's CEO, Dyma Budorin, states: "Security is the backbone of any reliable trading platform, and we at Hacken are dedicated to raising industry standards. This partnership exemplifies MEXC's commitment to providing a secure environment for users. Through our comprehensive security assessments, we will identify potential risks and enhance MEXC's defenses against emerging threats. Proactive security is crucial for long-term success in building user confidence within the cryptocurrency sector."

About MEXC

Established in 2018, MEXC aims to be the go-to platform for cryptocurrency trading, serving over 32 million users across more than 170 global markets. Renowned for offering a wide range of trending tokens and low trading fees, MEXC caters to both novice and experienced traders alike, striving to simplify and enhance the trading experience.

To learn more, visit MEXC's official website or follow them on social media platforms like X and Telegram. Join the evolving world of cryptocurrency with MEXC – where security meets opportunity.