Hacken PoR Audit Confirms MEXC Fully Backed as Independent Proofs Decline
MEXC commissioned an independent Proof of Reserves (PoR) audit by blockchain-security firm Hacken that confirms the exchange’s on-chain and off-exchange assets exceed 100% of user liabilities for major tokens including BTC, ETH, USDT and USDC. Hacken validated wallet ownership, outbound-transaction proofs and used Merkle-tree liabilities verification so users can anonymously verify inclusion of their balances. The report lists reserve wallet addresses, multi-chain balances (Bitcoin, Ethereum, Solana, TON, Tron, BNB Chain, Arbitrum, Optimism, Avalanche-C, Base, Polygon, Aptos, Sui) and shows reserve coverage ratios above 100% for key assets. MEXC says PoR reporting is now a continuous practice to improve transparency, asset segregation and accessibility of funds. Hacken found robust reserve management and diversified holdings and concluded MEXC is solvent after accounting for off-exchange obligations. The audit is presented as a benchmark for verifiable transparency even as many large exchanges shift toward internal dashboards or cryptographic attestations rather than external audits. For traders: the audit reduces counterparty solvency uncertainty for assets held on MEXC, increases confidence in withdrawal safety and may modestly affect liquidity or order flow for the exchange’s listed tokens, though PoR does not eliminate other operational or custodial risks.
Bullish
An independent PoR audit confirming >100% reserves for major tokens (BTC, ETH, USDT, USDC) reduces solvency concerns for traders with funds on MEXC. In the short term this transparency can increase user confidence, lower withdrawal-related fear, and modestly boost on-exchange liquidity for the listed assets — a bullish catalyst for those token markets on this platform. Over the medium to long term, repeated or continuous PoR reporting can attract cautious capital and improve order-book depth on MEXC versus less-transparent venues. However, the impact is constrained: PoR addresses custody and reserve sufficiency but does not remove operational, custody-provider, regulatory or market-wide systemic risks, so price effects are likely moderate rather than extreme.