📢Clarification on Rumors Regarding MEXC’s Financial StatusRecent online discussions have circulated unverified rumors regarding MEXC’s financial status. We would like to clearly state that these claims are false and misleading.MEXC remains in strong financial health. All user assets are fully backed, and our Proof of Reserves (PoR) data shows that major assets are backed at over 100%. The Merkle tree data will be updated at tonight for users to verify.Information is publicly available on our website and mul ...

Three years of Proof of Reserves at OKX.- 36 audits- 2x “View my audit” visits YoY- $35.4B in primary assets backing customer fundsA milestone for crypto transparency and accountability. Don't trust, verify: https://t.co/wvCBetsORf https://t.co/pjdOteyrb0 ...

Proof of epic 🌖 https://t.co/QH25CckdtV ...

Proof, progress, and a powerful Q3 👇💪 Strong Q3 revenue up 50% QoQ🔒 Latest Proof of Reserves confirms client assets are backed 1:1🎙️ Co-CEO @ArjunSethi joined @Unchained_pod to talk growth and strategy#KrakenIn60 @Pete_Rizzo_ https://t.co/3VpTS5fIz2 ...

Proof of Reserves. Every month ✅Security. Every time ✅USA — meet The New Money App. https://t.co/LQt1Nj67Mf ...

Transparency and Security - The company asserts that the crypto market is maturing beyond its "Wild West" phase [1] - The company provides monthly Proof of Reserves reports to demonstrate 1:1 backing of customer holdings with real assets [1] - Users can verify the asset backing at any time via the provided link [1]

Core Insights - Ethena's price increased by 8% to $0.44 on October 17, standing out in a declining crypto market where Bitcoin and Ethereum faced significant drops [1] - The rise in Ethena's price follows a recovery from a de-peg event of its stablecoin USDe, which had previously dropped to $0.65 during a $19 billion liquidation event [2][3] - Ethena's market capitalization is currently at $3.14 billion, placing it among the top 50 cryptocurrencies by valuation [6] Market Context - The broader crypto market experienced a crash, with Bitcoin and Ethereum briefly losing key support levels of $104,000 and $3,700 respectively [1] - A significant liquidation event on October 10 led to a 50% drop in ENA price from $0.56 to $0.34 [2] - Despite the market turmoil, USDe managed to maintain its peg during subsequent $1.2 billion liquidations [4] Company Developments - Ethena announced an expansion of its Stablecoin-as-a-Service (SaaS) product suite to Conduit, enabling projects to launch their own stablecoins [5] - Conduit supports 55% of Ethereum's active rollups and manages over $4 billion in total value locked across various applications [6] - Trading volume for Ethena surged by 60.5% to $627.9 million, indicating renewed interest from large investors as concerns over USDe's de-peg eased [6]

USDe Overcollateralization - Ethena Labs 的 USDe 稳定币保持超额抵押状态，应对过去 24 小时的市场波动 [1] - 独立第三方机构（包括 Chaos Labs、Chainlink、Llama Risk 和 Harris & Trotter）已确认 USDe 仍超额抵押约 6600 万美元 [1] Transparency and Attestation - Ethena Labs 通常每周提供 USDe 储备证明，由第三方独立机构进行验证 [1] - 应社区要求，Ethena Labs 在常规周期之外提供了储备证明 [1] - Ethena Labs 致力于最大程度地提高透明度 [2]

Crisis Response & Transparency - The company addresses concerns arising from a viral post and assures users of their commitment, emphasizing that user stories are prioritized [1][2] - The company states that all traders were immediately and automatically paid out without issue following a massive liquidation cascade [3] - The company clarifies there were no clawbacks or socialized losses [4] - The company publishes daily proof of reserves, and the exchange has been operating uninterrupted since the event, albeit with some hiccups [4] - The company emphasizes its approachability and commitment to doing the right thing, lacking a PR crisis management team [15] Technical Explanation & System Design - The company explains that a screenshot was taken out of context, clarifying it was a technical explanation of how futures profits and losses work, not a policy decision [3][5] - The company operates as a neutral peer-to-peer exchange, not taking positions for users or providing liquidity [6] - The company details the settlement process where profits are exchanged between longs and shorts, highlighting that winners earn from losers in a zero-sum system [7][8] - The company clarifies that bankrupt users caused a settlement issue, which was resolved by the company settling all accounts before publishing proof of reserves [9][10] - The company designed the system to be robust to liquidation events, isolating risk between longs and shorts, with spot holders unaffected [13]

Binance released its 35th Proof of Reserves report (snapshot date: October 1). User BTC holdings stood at 591K, down 2.67% from the previous report (September 1), a decrease of 16.2K BTC. User ETH holdings were 4,133K, down 4.78%, a decrease of 207K ETH. User USDT holdings totaled 30.28B, down 3.10%, a decrease of 968M USDT.https://t.co/pIqA2Umosp ...