MEXC has launched a $100 million user protection fund to safeguard users against significant platform breaches, technical failures, and security threats. This fund aims to compensate users when the platform experiences major incidents such as infrastructure breaches or vulnerabilities. MEXC has committed to transparency by publishing wallet addresses linked to the fund, allowing users to verify balances and monitor activities in real-time. Unlike traditional insurance, which can involve lengthy claims processes, MEXC's fund is designed for rapid deployment, enabling immediate resource allocation to affected users after incident verification. Compensation decisions are made by an internal team from risk control, compliance, and security, ensuring accountability. Approximately 2.5% of MEXC's daily trading volume is allocated to this fund, which follows a series of notable security breaches in the crypto industry, including substantial losses attributed to hackers, particularly linked to North Korea’s Lazarus Group. The fund's management is currently in-house, but MEXC plans to explore partnerships with third-party auditing firms for enhanced oversight in the future.

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