MexC sets up $ 100 million emergency funds to protect users from serious security incidents
The MexC crypto exchange has set up a protective reserve of $ 100 million to protect users in the event of violations at platform level or critical failures. The company is thus positioning itself as one of the few actors in this area that offers real-time compensation for technical failures or hacker attacks.
The initiative is designed for a quick implementation without the typical delays of conventional insurance. If a security violation is confirmed, a special internal team from the areas of risk, compliance and cyber security will immediately evaluate the incident and determine the compensation based on the losses.
In contrast to other platforms that keep such mechanisms, Mexc has made the wallet addresses connected to the fund publicly accessible and plans to expand the supervision of possible audit partnerships with third parties.
The fund currently corresponds to about 2.5% of the daily trade volume of MexC, which according to data from CoinmarketCap recently exceeded $ 3.9 billion.
This step follows a number of top -class attacks in the entire industry. At the beginning of 2025 alone, cryptocurrencies worth over $ 1.6 billion were stolen, the majority of which are associated with a single exploit, which is said to be connected to the North Korean Lazarus group.
The leadership of MexC emphasizes that the fund is more than just about optics – it is about responsibility in an industry that still has to deal with persistent safety threats.
