Kucoin opposes claims suggesting that greater than 77% of Bitcoin reserves have been misplaced since 2023.

The Crypto Trade misleaded and inaccurately labeled round figures, highlighting its dedication to transparency and accountable reporting.

What’s the Bitcoin reserves in Kucoin?

The controversy comes from a report from Onchain College, a data-centric platform that cites Cryptoquant information.

Their findings present that Kucoin’s Bitcoin Holdings reportedly fell from 18,300 BTC in June 2023 to about 4,100 BTC by April 2025.

The evaluation quantities to about 14,200 btc of this sudden drop, which Kucoin launched the Important Information Buyer (KYC) rule in mid-2023.

The KYC coverage, which got here into impact in August 2023, required all customers to finish their identification verification. On the time, Kucoin mentioned the transfer was essential to fight felony acts resembling cash laundering and terrorist financing.

Onchain College urged that this compliance push inspired customers to withdraw funds by citing privateness issues.

The analytics platform additionally argues that the Kucoin scenario displays a broader development in direction of decreasing Bitcoin reserves throughout centralized exchanges. Nevertheless, he emphasised that the Kucoin case is especially severe on account of its timing and dimension.

Kucoin releases proof of reservation

Kucoin rejected the findings and expressed concern about what it described as an irresponsible report.

The change mentioned the reported figures didn’t mirror reserve ranges and warned that incorrect information may erode public belief.

The corporate states:

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

To strengthen its place, the change shared its thirtieth reserve proof. This contains roughly 9,751 BTC for the Consumer Fund and 10,306 BTC for the Trade Management Pockets.

The report additionally confirmed reserve protection of 116% for Ethereum, 114% for USDT and 109% for USDC.

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