MEXC Introduces Monthly Reserve Audits, Appoints Hacken as Independent Auditor

On the 20th, cryptocurrency exchange MEXC announced the appointment of blockchain security company Hacken as an independent auditor. MEXC has introduced monthly Proof of Reserves (PoR) audits, with the first audit report scheduled to be released at the end of November. As an external auditor, Hacken will prepare and publish the reserve verification report independently from MEXC. The monthly reports will verify whether sufficient reserves are maintained against the assets held in custody for users, continuously documenting the financial status of the exchange. MEXC also provides a verification system using the Merkle Tree, a cryptographic...