MEXC April proof of reserves shows 295% ratio for Bitcoin

Global cryptocurrency exchange MEXC has released its April Proof of Reserves report in collaboration with blockchain security audit firm Hacken. The report shows MEXC's Bitcoin (BTC) reserve ratio has increased to 295% from 270% the previous month, a figure nearly three times the amount of user-deposited assets. Other major assets also maintained ratios above 100%, with Ethereum (ETH) at 116%, Tether (USDT) at 111%, and USDC at 116%. The exchange stated that it will continue to enhance asset transparency by regularly publishing these reports in partnership with Hacken.