MEXC's Audit by Hacken: Full Asset Backing and Enhanced Transparency Standards

MEXC's Audit Report: Assurance of Complete Asset Backing

On December 9, 2025, MEXC, recognized as one of the fastest-growing global cryptocurrency exchanges, proudly published its latest independent Proof of Reserves (PoR) report. Conducted by the trusted blockchain security firm Hacken, the audit aims to reinforce MEXC's steadfast commitment to safeguarding user assets through enhanced transparency and security standards.

MEXC's innovative approach has redefined digital asset trading with its user-first mentality, focusing on true zero-fee trading. The audit report, completed on November 26, 2025, reveals that MEXC consistently holds sufficient on-chain assets to cover all user liabilities. Notably, the coverage ratios for major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), exceeded 100%, ensuring complete backing for user funds.

Comprehensive Evaluation Methods

Hacken's audit applied a systematic evaluation of MEXC's reserves, employing industry-standard methodologies. These included Proof of Liabilities, Proof of Ownership, reserve sufficiency calculations, and Merkle-tree verification techniques. MEXC has created a robust Proof of Reserves framework that aggregates anonymized user balances and aligns them with publicly verifiable on-chain holdings, allowing for independent solvency assessments without risking user privacy.

The evaluation encompassed a myriad of networks, identifying reserve wallets across Bitcoin, Ethereum, Solana, and several other networks. The report includes detailed breakdowns of wallet addresses, balances, and the overall distribution of assets. Importantly, the final reserve ratio table validated that major asset classes are consistently supported by reserves that exceed their respective liabilities.

As part of its Proof of Ownership procedures, Hacken focused on the examination of outbound transactions from selected wallet addresses. This included verifying the integrity of the Merkle-tree structure, a crucial element in computing user liabilities. MEXC's continuously refreshed Proof of Reserves framework and independently maintained protection systems are designed to ensure users and other stakeholders can confidently verify reserve coverage, enforcing strict asset segregation and real-time fund accessibility.