MEXC July–August Security Report Intercepts 38M USDT in Risky Funds

Mutsamudu, Comoros, September 16, 2026 – Digital asset trading platform MEXC has published its security report covering July and August 2026. The platform successfully intercepted all 215 reported cases involving risk-related funds during this timeframe, which totaled approximately 38.66 million USDT. Additionally, the Futures Insurance Fund grew to a balance of 792 million USDT, while the reserve ratios for USDC, USDT, ETH, and BTC all stayed above 100%.

Throughout July and August 2026, the wider cryptocurrency sector experienced 184 security incidents resulting in combined reported losses of about $535 million. Incidents involving phishing, fraud, endpoint vulnerabilities, and supply-chain threats made up roughly 48% of these occurrences. Furthermore, malicious actors increasingly leveraged artificial intelligence to auto-create phishing materials and draft malware, boosting their attack efficiency. Because attack tactics are diversifying, early detection, rapid interception of risk-related funds, and enhanced cross-platform collaboration have become critical for mitigating user losses.

All 215 Reports of Risk-Related Funds Successfully Intercepted, Covering 38.66 Million USDT

During July and August, MEXC handled 215 reports concerning fraud-related or externally stolen funds entering the platform. Every single case was successfully blocked, accounting for 38,655,490 USDT. Among these incidents, 42 involved collaboration with judicial freeze requests. Compared to the preceding reporting cycle, the volume of successfully blocked cases grew by roughly 2,971%, and the total value of intercepted funds jumped by about 12,646%.

To track and manage these suspicious funds, MEXC collaborated with other key industry players by sharing questionable addresses, tracing fund paths, and executing asset verification and freezing protocols through established joint investigation and law enforcement frameworks.

Over 20,000 Risk-Related Accounts Identified and Restricted, With More Than 600,000 USDT in Misdirected Assets Returned

When identifying account risks, MEXC flagged and restricted 20,752 accounts linked to suspicious activities during the period, marking an 118.03% increase over the previous reporting window. The platform also uncovered 5,288 risk groups, reflecting a 20.35% rise. Geographically, these groups were primarily located in the Commonwealth of Independent States (1,803), Nigeria (1,099), and Indonesia (976).

Regarding user asset recovery, MEXC manually handled 818 requests to return wrongly sent assets, successfully sending back an equivalent of 602,225 USDT—a 75.31% increase compared to the prior period.

Futures Insurance Fund Reaches 792 Million USDT, Strengthening Protection Against Negative Balance Risk

By September 1, 2026, the cumulative balance of the MEXC Futures Insurance Fund hit 791,696,422 USDT, representing a 5.44% growth from the prior reporting timeframe.

This Futures Insurance Fund absorbs negative balances that might happen during liquidations, offering a safety buffer during volatile market swings to help minimize the necessity for auto-deleveraging (ADL). Whenever a liquidated asset closes at a rate superior to its bankruptcy price, the leftover funds flow into the fund. Users are able to monitor the real-time balance via the MEXC Proof of Trust webpage.

Reserve Ratios for Four Major Assets Remain Above 100%, With BTC at Approximately 288%

Based on the reserve disclosures for this cycle, MEXC kept reserve ratios higher than 100% across four primary assets:

• Bitcoin (BTC): reserve ratio sits near 288%, featuring 12,312.75 BTC in total wallet holdings against 4,282.20 BTC in user assets;
• Ethereum (ETH): reserve ratio sits near 113%, featuring total wallet holdings of 66,227.79 ETH;
• USDT: reserve ratio sits near 115%, featuring total wallet holdings of about 1.940 billion USDT;
• USDC: reserve ratio sits near 114%, featuring total wallet holdings of about 194.85 million USDC.

The specific on-chain addresses backing these reserves have been made public so that users can utilize the Merkle Tree to confirm whether their individual account balances form part of the proof of reserves.

As an extra layer of defense for user assets, the MEXC Guardian Fund utilizes a dual-reserve framework consisting of BTC and USDT: USDT provides immediate liquidity, while BTC acts as a long-term reserve asset spanning various market cycles. MEXC intends to scale this fund from $100 million to $500 million to further fortify user asset security. The designated holding addresses are detailed below:

Guardian Fund Wallet Addresses:

• USDT: 0x469AfE803C54A36674C55231489Cf4b61da8c1bC
• BTC: 1MDVjZdX8QD212pT8Z8EMP7DuFQHKqN3mx

MEXC CEO Vugar Usi remarked, “Trust is the true reserve currency of this industry. Protecting user assets means moving decisively the moment risk emerges, while giving users something they can verify for themselves, not just our word for it. We will continue to strengthen our ability to identify and intercept risk-related funds, deepen cooperation across platforms and with law enforcement, and help affected users recover their losses wherever possible. Our bi-monthly security reports are part of that commitment, allowing our security performance to be measured and tracked over time.”

About MEXC

Established in 2018, MEXC is a leading global multi-asset trading platform built as your 0-fee gateway to infinite opportunities. Operating across more than 170 markets, MEXC delivers straightforward and efficient access to crypto, stocks, tokenized assets, derivatives, and an expanding suite of TradFi-linked opportunities through a single account and gateway.

Featuring 0 trading fees, deep liquidity, expansive asset options, and a high-performance trading framework, MEXC caters to retail traders looking to uncover opportunities earlier, execute faster, and trade with minimal barriers. As digital assets and traditional financial systems continue to merge, MEXC remains dedicated to expanding access to global opportunities, empowering users to trade freely and MEXCmize every opportunity.

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For media inquiries, please contact MEXC PR team: media@mexc.com

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Short FAQs

Q: What total amount of risk-related funds did MEXC intercept during July and August 2026?
A: MEXC intercepted all 215 reports involving risk-related funds, covering approximately 38.66 million USDT.

Q: How much is the MEXC Futures Insurance Fund?
A: As of September 1, 2026, the balance of the Futures Insurance Fund reached 792 million USDT (specifically 791,696,422 USDT).

Q: What are the reserve ratios for the major assets on MEXC?
A: Reserve ratios remained above 100% for all four major assets: BTC is approximately 288%, ETH is around 113%, USDT is roughly 115%, and USDC is about 114%.

Q: What is the goal for the MEXC Guardian Fund?
A: MEXC plans to expand the Guardian Fund—which uses a dual-reserve structure of USDT and BTC—from its current baseline to $500 million to further reinforce user asset protection.