The post MEXC Confirms 100% Asset Backing Amid Withdrawal Surge appeared first on Coinpedia Fintech News
MEXC exchange has reassured users that it remains financially strong despite recent record withdrawals. The platform confirmed all user assets are fully backed, with Proof of Reserves data showing major assets covered over 100%. To boost transparency, MEXC will update its Merkle tree data tonight, enabling users to verify their holdings independently. The exchange called solvency rumors false and emphasized its commitment to security and trust in the crypto community.