Crypto exchange MEXC disclosed on Thursday that it blocked $2.2 million in stolen funds and reimbursed over $559 million to derivatives traders in the past two months, according to its newly released report. The company said it processed 709 assistance requests, including 124 official freeze orders from law enforcement — many tied to transnational cybercrime investigations. In total, 41 cases led to successfully intercepted assets. MEXC also launched a $100 million Guardian Fund aimed at covering losses from protocol-level breaches. This move aligns with a broader trend among top exchanges offering user protection mechanisms, following high-profile incidents such as the $70 million hack of a DeFi aggregator in May. The report also highlights expanded risk monitoring infrastructure, with 46,311 suspicious accounts restricted and 6,184 fraud rings identified in the CIS, India, and Southeast Asia — regions seeing sharp rises in coordinated wallet fraud and account takeovers. Meanwhile, MEXC continues to update its Proof of Reserves (PoR) data, listing real-time wallet balances that exceed all user deposits. As of June 26, reserves included 4,083 BTC, 69,234 ETH, and 2.32 billion USDT. The release comes as the European Union finalizes MiCA implementation standards, and as multiple Asian regulators push for “verified solvency” policies for crypto exchanges. MEXC’s transparency effort may help insulate the firm ahead of pending compliance waves. 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.
