Independent Audit Flags Medium-High Risk in MEXC Cross-Chain Bridge Worth $5.5B
An independent DeFi security researcher published a risk assessment on September 25, 2026, evaluating MEXC's cross-chain bridge, which holds approximately $5.5 billion in total value locked across Ethereum, multiple Layer-2 networks, and non-EVM chains. The bridge received a composite risk score of 6.2 out of 10, with the lowest ratings in oracle and relayer security and governance upgradeability. Auditors identified a critical re-entrancy vulnerability in the BridgeRelayer contract that could allow unlimited minting of wrapped assets, potentially draining the entire TVL. Additional concerns include a small 12-node validator set vulnerable to collusion, single-key relayer signing susceptible to forgery, and an upgradeable proxy controlled by a single multisig address with no timelock. The report calls for immediate remediation of smart-contract bugs and hardening of relayer infrastructure to reduce the overall risk profile.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
Discussion (0)
Log in to join the discussion and vote.
Log in