MEXC Drops Bombshell: $559M Payouts & $2.2M in Stolen Crypto Frozen – What’s Next?

Crypto exchange MEXC just flexed its security muscles—while cutting checks like a Wall Street bonus day.

Half a billion in payouts, millions in theft thwarted

The platform processed $559 million in user withdrawals while simultaneously freezing $2.2 million in stolen digital assets. Talk about walking and chewing gum.

Security meets liquidity

While traditional banks take three business days to move pennies, MEXC’s dual play proves crypto’s edge: instant settlements with blockchain-level safeguards. Eat your heart out, SWIFT.

The cynical footnote

Let’s see if the ‘stolen’ funds ever make it back to users—or get ‘reallocated’ like your 401(k) fees. Welcome to finance’s wild west.

New Measures to Combat Illicit Activity

MEXC has stepped up its fight against fraud in a big way. The exchange blocked over 46,000 suspicious accounts tied to more than 6,100 scam groups. Most of these suspicious activities came from India, Indonesia, and CIS regions. On top of that, MEXC worked with police and handled 124 official requests to freeze accounts involved in theft or under investigation.

Afterwards, MEXC successfully recovered $1,100,000 in 2,428 cases of user errors. These errors included deposits via the wrong network and incorrect memo/tag issues. This kind of recovery support has become a key in its user-first treatment.

Raising the Bar on KYC Standards

The report also addressed rising concerns around AI-generated fraud. MEXC plans to use biometric and behavior-based verification for onboarding. Traditional selfie-based KYC methods are no longer secure. Additionally, regulators across Asia now demand real-time audits and AI-resilient KYC.

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