MEXC Futures Insurance Fund Reaches 751M USDT With All Major Reserves Above 100%

MEXC announced a 751 million USDT Futures Insurance Fund on July 16 according to its bimonthly security report released today, representing a net increase of 191 million USDT from the previous period. Reserve verification data shows BTC reserves at 269.35%, ETH at 118.14%, USDT at 113.95%, and USDC at 125.41%, all exceeding 100% coverage ratios.

During the May-June reporting period, MEXC restricted 9,518 accounts linked to suspected illicit activity and disrupted 4,394 fraudulent networks. The platform also froze 303,277 USDT from seven high-risk transfers before funds entered liquidity pools and handled 812 asset recovery cases involving incorrect cross-chain deposits, recovering 343,515 USDT worth of assets.