• Kucoin has launched the most recent one Spare Proof The report gives an in depth snapshot of present digital asset holdings.
• In keeping with the report, Kucoin’s Bitcoin reserve ratio is 106%.
• The info reveals that Kucoin holds extra BTC than it owes to its clients.

Crypto Change Kucoin has refuted claims that it has misplaced greater than 77% of its Bitcoin (BTC) reserves since mid-2023.

In its official assertion, the corporate described the circulating figures as inaccurate and deceptive, highlighting its ongoing dedication to transparency, person safety and accountable reporting within the digital asset area.

Rebuttal comes based on the report of the Blockchain Analytics Platform On-Chain FacultyThis claimed that Kucoin’s BTC Holdings had plummeted from 18,300 BTC in June 2023 to round 4,100 BTC by April 2025.

The report cited knowledge from Cryptoquant final 12 months, claiming it was suspected of being attributed to the implementation of Kucoin’s necessary buyer (KYC) guidelines.

KYC Coverage accused of allegedly leaking bitcoin

The central argument within the Onchain Faculty evaluation hyperlinks to the KYC coverage that Kucoin’s supposed BTC reserve was launched in August 2023.

The brand new rules required all customers to finish their identification verification. This can be a transfer geared toward strengthening safety and curb felony exercise, together with cash laundering and terrorist financing.

The analytics firm speculated that stricter compliance measures have led to giant person withdrawals as a result of privateness issues.

We additionally famous that the suspicion of a decline in Kucoin’s reserves was steeper than the same development seen all through centralized exchanges, suggesting a extra sharp person response on this case.

Nevertheless, Kucoin pushed again these conclusions, saying that the numbers don’t precisely characterize the present state of its reserves, warning that such misinformation may undermine belief throughout the broader crypto trade.

Kucoin is publishing Refit-of-Reserves to fight billing

To counter the story, Kucoin has launched the most recent Spare Proof Report – From the thirtieth place, we offer detailed snapshots of present digital asset holdings.

In keeping with the report, Kucoin’s Bitcoin reserve ratio is 106%, overlaying round 9,751 BTC in person stability and 10,306 BTC in Change-Managed Pockets.

The info reveals that Kucoin holds extra BTC than it owes its clients, reassuring customers of the platform’s solvency.

Along with Bitcoin, the report uncovers the over-integration of different main belongings.

• Ethereum (eth): 116% reserve charge

• Tether (USDT): 114% reserve charge

• USD coin (USDC): 109% reserve charge

Kucoin stated, “We’re involved in regards to the unfold of false or deceptive data by some platforms. Irresponsible experiences will mislead customers and undermine belief within the crypto ecosystem.”