WEEX, a cryptocurrency exchange established in 2018 with 8 years of secure operations and over 6.2 million users across more than 150 countries, has established a 1,000 BTC Protection Fund to compensate for certain eligible losses related to security incidents. The platform publishes verifiable reserve ratios on the blockchain, including approximately 102% for USDT, 115% for ETH, and 122% for BTC, ensuring that assets are fully backed. WEEX applies multi-layer security measures, including multi-signature cold wallets, two-factor authentication, withdrawal passwords, and wallet address whitelisting. This protection fund, separated from operational funds and publicly verifiable through blockchain records, reinforces transparency and user trust.
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