Major cryptocurrency exchange MEXC has successfully completed a comprehensive security audit conducted by the leading Web 3 cybersecurity firm Hacken. The Hacken audit focused on the MEXC mobile application to find possible loose ends and potential entry points for malicious actors and exploitation, but found no critical or high-risk vulnerabilities in the platform’s interface.
The audit was conducted under Hacken’s comprehensive penetration testing framework, which simulates real-world attacks and scenarios to identify potential weaknesses, vulnerabilities, and susceptibility to malicious attacks in the mobile application system and back-end infrastructural architecture. The audit covered the full spectrum of potential risk and threat vectors that the platform’s mobile infrastructure could face, including trade execution, data integrity, and fund transfer systems.
Security professionals at Hacken confirmed that MEXC’s existing security architecture provides comprehensive protection for the platform against prevalent threat vectors and aligns with industry-wide best practices for safeguarding digital assets. In addition to reporting no severe vulnerabilities, Hacken noted that all minor issues previously detected were swiftly and fully addressed by MEXC.
Beyond the technical security reviews, the audit also tested the platform’s application operational architecture and user interface for functionality and efficiency. The report highlighted the application’s clean, swift, and user-friendly interface, which includes a simplified and intuitive navigational layout that enhances the user experience for both new and experienced traders and blends efficiency with robust back-end security. The report also revealed appropriate and ethical practices in the protection and handling of sensitive user data and trade execution, which is increasingly important amidst the substantial rise of malicious cyber attacks in today’s digital finance landscape.
MEXC’s Chief Operating Officer, Tracy Jin, highlighted the platform’s security-first approach and the company’s emphasis on external accountability:
“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.”
This audit is a part of MEXC’s broader strategy to prioritize operational transparency and user safety. In addition to its regular technical reviews, the exchange also publishes independently verified Proof of Reserves reports to demonstrate the full backing of all users’ assets on the platform.
The full audit report by Hacken has also been made publicly available here, adding to a growing trend of operational transparency among exchanges amidst increasing community scrutiny on security standards in the crypto industry to ensure trust, credibility, and user protection in an ever-evolving threat landscape.
