The MEXC exchange has issued a statement refuting allegations of financial difficulties that have been circulating online recently. The claims began after a user’s stablecoin withdrawal request for $3 million was initially rejected, leading to speculation and public outcry. Following these discussions, MEXC released a statement clarifying the situation. They clarified that the rumors are unfounded and emphasized their strong financial position: all user assets are fully collateralized with proof of reserves (PoR) data showing over 100% backing for major assets. The exchange also highlighted its transparent Merkle Tree system, allowing users to independently verify their holdings. The PoR data will be updated overnight for user verification, and MEXC confirmed that the $100 million Guardian Fund address is publicly accessible. They emphasized normal operation of all platform services and urged users not to engage with unverified information.