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MEXC Confirms 100% Asset Backing Amid Withdrawal Surge

Published by
Sohrab Khawas

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.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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