MEXC Establishes $100 Million Fund to Safeguard Users From Crypto Hacks

Crypto exchange MEXC has launched a dedicated $100 million fund to mitigate risks for users in the event of security breaches or technical failures. The fund, announced on Wednesday, is designed to swiftly cover potential losses caused by hacks, critical vulnerabilities, or large-scale exploits. This innovative approach allows affected users to receive compensation without facing lengthy insurance claim processes.