MEXC, a prominent crypto trading firm, has recently announced an exclusive strategic collaboration with Hacken, a renowned blockchain security auditing platform. The partnership aims to further improve MEXC’s overall security. The platform took to its official social media account to disclose this partnership.

MEXC Joins Forces with Hacken to Advance Platform Security

As per MEXC, the rapid evolution in the crypto sector has raised the importance of security maintenance. The platform reportedly treats security as a top priority, and the latest collaboration with Hacken is a clear evidence of this. As a part of this collaboration, Hacken will perform a thorough security evaluation of MEXC. This will guarantee the protection of the platform’s infrastructure from cyber threats and vulnerabilities.

Hacken to Conduct Thorough Audit over Ecosystem Security Measures of MEXC

The respective assessment will pay a considerable attention to diverse crucial areas, such as detecting and resolving vulnerabilities throughout web applications, APIs, and mobile apps. In this respect, it will assess the encryption methods to avert data leakage. The audit will also include the protection of session management circumvention of fixation and hijacking attacks. As a result of this, Hacken will confirm the sanitization of the user inputs along with the prevention of injection attacks.

MEXC’s COO Tracy Jin said that while making security a paramount priority, the platform is continuously struggling to deliver most promising assets. The executive added that MEXC is committed to offering a matchless protection for consumer investments. With this strategic collaboration with the cybersecurity experts of Hacken, the platform is implementing market-leading security methods. These measures reportedly advance in line with the emerging threats. Hacken’s CEO Dyma Dudorin also expressed excitement about this collaboration. The executive asserted that the Hacken will detect and maintain a robust ecosystem.

Fostering User Trust with a $448M Compensation Covering Losses

According to MEXC, the platform delivers Proof of Reserves, ensuring the asset security and upholding transparency, letting consumers trade confidently. In addition to this, MEXC also updates reserve rates every 2 months. This further highlights the platform’s commitment to boosting transparency and trust. Moreover, as of the 28th the last month, MEXC delivered more than $448M via the Insurance Fund Account thereof. This endeavor compensates for deficits that take place when consumers’ losses amid liquidation surpass their existing margin.