Crypto exchange MEXC put out its Bimonthly Transparency Report for May and June 2025, and it’s packed with updates on user security and fraud prevention.
As per the official release, the crypto exchange reimbursed more than $559 million through its Futures Insurance Fund, which protected traders from forced liquidation losses and sudden market swings.Â
Additionally, MEXC blocked $2.2 million in stolen cryptocurrency linked to 41 cases of user fraud. Besides, MEXC rolled out a $100 million Guardian Fund. This safety net is designed to shield users from hacks, technical glitches, and serious system failures. Plus, all wallet addresses associated with the fund are now publicly available.
New Measures to Combat Illicit Activity
MEXC has stepped up its fight against fraud in a big way. The exchange blocked over 46,000 suspicious accounts tied to more than 6,100 scam groups. Most of these suspicious activities came from India, Indonesia, and CIS regions. On top of that, MEXC worked with police and handled 124 official requests to freeze accounts involved in theft or under investigation.
Afterwards, MEXC successfully recovered $1,100,000 in 2,428 cases of user errors. These errors included deposits via the wrong network and incorrect memo/tag issues. This kind of recovery support has become a key in its user-first treatment.
Raising the Bar on KYC Standards
The report also addressed rising concerns around AI-generated fraud. MEXC plans to use biometric and behavior-based verification for onboarding. Traditional selfie-based KYC methods are no longer secure. Additionally, regulators across Asia now demand real-time audits and AI-resilient KYC.
