Crypto Daily 2025-05-14 10:00:29

MEXC Completes Security Audit by Hacken With No Critical Issues Found

The audit is part of the exchange’s broader push to increase transparency and operational resilience. Cryptocurrency exchange MEXC has completed a security audit conducted by Web3 cybersecurity firm Hacken. The assessment found no critical or high-risk vulnerabilities in the platform’s mobile application, according to a summary of the report shared by the company. The audit, based on Hacken’s penetration testing methodology, evaluated the app’s resistance to external attacks and potential exploitation. All previously identified low-risk issues were reportedly addressed before the final report was issued. Hacken noted that the MEXC platform demonstrated compliance with standard security protocols and emphasized a user-centric app design that balances functionality with protection. Key areas reviewed included trading execution systems, data handling processes, and fund transfer mechanisms. MEXC’s Chief Operating Officer Tracy Jin said in a statement that third-party audits are “an essential part of maintaining user trust and ensuring accountability.” The exchange has recently taken several steps aimed at improving transparency and infrastructure security. Earlier this year, MEXC released an independently verified Proof of Reserves report showing that the majority of user assets are stored in cold wallets. The company has also launched a $30 million venture initiative called IgniteX to support early-stage Web3 projects. MEXC is among several exchanges responding to increased scrutiny from regulators and institutional stakeholders, many of whom are placing greater emphasis on verifiable security and operational integrity in the wake of past industry failures. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.