MEXC Launches Proof of Trust Campaign with $100 Million Guardian Fund
MEXC is launching a "Proof of Trust" campaign aimed at enhancing transparency and user safety in the crypto ecosystem. Key components include:
- $100 million Guardian Fund for user protection against hacks
- Real-time Proof-of-Reserves allowing independent verification of key assets
- Educational initiatives via the MEXC Learn platform offering free resources on safety tools and trading insights
- Platform redesign based on community feedback to improve user experience
The Guardian Fund is fully transparent, with publicly listed wallet addresses enabling users to track its balance and transactions. The fund aims for quick disbursement of support without bureaucratic delays.
Recent trends show an increase in crypto security breaches, highlighting ongoing challenges in the industry. For instance, Coinbase faced a breach affecting over 69,000 users in December 2024.