If your crypto isn’t secure, nothing else matters.
We just sat down with Hacken to break down exactly how it works, from our infrastructure to your responsibility. The recent AMA with Bogdan Bodisteanu, dApp Auditor at Hacken, explores how cutting-edge security practices are shaping the future of digital asset protection. The discussion kicked off by addressing the growing challenges in crypto exchange security, especially as the industry faces increasingly sophisticated threats.
The core challenge.
Exchanges are giant targets. The goal isn’t to be impenetrable—it’s to have layers so that even if one fails, the entire system doesn’t collapse.
The solution? A layered defense:
→ Hot wallets: The “checking account.” Just enough crypto for daily liquidity.
→ Cold storage: The “vault.” The vast majority of assets live here, completely offline.
→ Real-time monitoring: The 24/7 guard that uses behavioral analytics to spot a threat before it becomes a breach.
But here’s the key: it’s a shared responsibility.
You can’t just rely on our guardrails. @hackenclub’s top advice for you:
- 2FA is non-negotiable. Turn it on.
- Use a hardware wallet. Your long-term holdings don’t belong on an exchange.
- Be paranoid. That “support” DM might be a scam.
The conversation also delved into real-time monitoring and proactive risk management. Such measures, combined with MEXC’s $100 million Guardian Fund, ensure user assets are protected even in the event of severe incidents or unforeseen vulnerabilities. Bogdan also detailed Hacken’s rigorous security audit process, which goes beyond simple code checks to include infrastructure reviews, wallet management assessments, and simulated attack testing.
MEXC’s Commitment: the $100M Guardian Fund.
This is our backstop. It’s the capital that ensures we can protect user assets, but it’s the last line of defense, not the first. The first is the relentless auditing and proactive work with partners like Hacken.
The vision? Proactive, not reactive security.
The future is AI-driven threat prediction and ZK-proofs, moving from just responding to hacks to preventing them entirely.
Trust isn’t given; it’s continuously built and cryptographically verified.
For those who missed the live session, you can listen to the full AMA here.
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