MEXC July PoR: BTC Reserve Ratio Surges to 281% Under Hacken Audit

Woofun AI reports that MEXC published its July Proof-of-Reserves, audited by Hacken, highlighting a Bitcoin reserve ratio that has climbed significantly. This disclosure underscores the exchange's commitment to transparency in the wake of industry-wide trust deficits.

The BTC reserve ratio reached 281%, marking an increase of 12 percentage points from the 269% recorded in June. This upward trajectory in asset backing is particularly notable given the historical context of centralized exchanges collapsing in 2022, which necessitated rigorous solvency demonstrations.

Woofun AI data shows, beyond Bitcoin, the audit confirms that USDT, USDC, and ETH ratios all exceed 100%. Specifically, USDT stands at 119%, USDC at 115%, and ETH at 114%.

Structurally, MEXC reinforces this position with a futures insurance fund and a guardian fund holding dual reserves in USDT and BTC, creating additional layers of protection for user assets.

While these monthly snapshots provide a measurable indicator of current solvency, they represent only a moment in time and do not guarantee future stability. As regulatory scrutiny intensifies and user demand for transparency grows, such reports remain critical for evaluating exchange reliability, though they must be viewed as periodic checks rather than perpetual assurances.