Cryptocurrency exchange MEXC has passed a full-spectrum security audit conducted by a Web3 cybersecurity firm, Hacken, further strengthening its reputation for user protection and platform security.
In the recent review of MEXC’s mobile application infrastructure, Hacken found no severe or high-risk vulnerabilities, spotlighting the exchange’s strong defense mechanisms against potential exploits and cyber threats. The Hacken assessment focused on identifying weak points and areas of potential susceptibility in the platform’s mobile application using its comprehensive pentesting methodology to simulate real-world cyberattacks and prevalent threat vectors.
Hacken’s Comprehensive Security Evaluation
The Hacken audit examined multiple components of the MEXC’s mobile application infrastructure, including key areas often targeted by malicious actors for exploitation, like trade execution mechanisms, data encryption and flow, and fund transfer security protocols. Hacken’s security professionals performed in-depth testing across the trading platform’s application in both the application’s front-end interface and its core systems, ensuring that all possible vulnerabilities were examined under various threat and system penetration scenarios.
The audit report revealed that MEXC’s application security architecture conforms to leading cybersecurity best practices, offering robust and secure protection for the custody of digital assets. Additionally, all minor potential vulnerabilities and system susceptibility discovered during the audit have been promptly and swiftly resolved by MEXC, demonstrating the platform’s proactive and security-first approach to risk management and platform integrity.
In addition to security assessments, the Hacken audit also reviewed the applications’ operational design and user interface for possible upgrades and optimizations to users’ overall trading experience. Hacken’s findings highlighted MEXC’s mobile application as a clean and easy-to-use user interface designed for seamless navigation and efficient trading for both novice and veteran crypto traders. The report also emphasized the application’s perfect balance between operational efficiency, secure data handling, and responsible back-end system practices and maintenance, ensuring ease of use and the robust protection of users’ sensitive information from prevalent threat vectors.
MEXC’s commitment to operational accountability
Following the release of the Hacken report, MEXC’s Chief Operating Officer, Tracy Jin, emphasized the platform’s commitment to operational transparency to its users:
“External, independent verification is an essential part of maintaining user trust and ensuring accountability. We thank Hacken for their work and continue to prioritize transparency and security, as we scale our services globally.”
The security audit forms part of MEXC’s broader transparency initiatives, which also include regular publishing of Proof of Reserves disclosures to assure that all users’ assets on the platform are fully backed. The full Hacken audit report is publicly accessible here, contributing to a growing culture of openness and accountability within the Web3 space.
Security is now a standard and not a feature in Web3
As the digital asset ecosystem matures and prevalent threats become more sophisticated, public demand for secure platforms is rising, and trading platforms that fail to demonstrate robust security protocols and cultivate a culture of operational transparency risk falling behind others in the fast-growing digital asset landscape and facing increased pressure from users and regulators alike.
