MEXC freezes $38.7M in USDT and boosts insurance fund to $791.7M
- —38.65 million USDT frozen across 215 reports of risky funds
- —20,752 accounts and 5,288 risk groups restricted, most in the CIS at 1,803
- —Futures insurance fund rose 5.44% to 791.7 million USDT
- —Reserves: BTC 288%, ETH 113%, USDT 115%, USDC 114%
Why it matters: Rising freezes and a larger insurance fund reduce ADL and trader loss risks, but the data is based on the exchange's own reporting.
Source: TokenPost