• KuCoin launched its newest Proof of Reserves report, providing an in depth snapshot of its present digital asset holdings.
• In response to the report, KuCoin’s Bitcoin reserve ratio stands at 106%.
• The info signifies that KuCoin holds extra BTC than it owes to its prospects.

Crypto change KuCoin has refuted claims that it misplaced over 77% of its Bitcoin (BTC) reserves since mid-2023.

In a public assertion, the corporate described the circulating figures as inaccurate and deceptive, emphasizing its ongoing dedication to transparency, consumer safety, and accountable reporting within the digital asset house.

The rebuttal is available in response to a report by blockchain analytics platform Onchain Faculty, which alleged that KuCoin’s BTC holdings plunged from 18,300 BTC in June 2023 to roughly 4,100 BTC by April 2025—a pointy decline of almost 14,200 BTC.

The report cited information from CryptoQuant, attributing the alleged drop to KuCoin’s implementation of obligatory Know Your Buyer (KYC) guidelines final yr.

KYC coverage blamed for alleged Bitcoin outflows

The central argument in Onchain Faculty’s analysis hyperlinks KuCoin’s supposed BTC reserve decline to its KYC coverage launched in August 2023.

The brand new regulation required all customers to finish id verification—a transfer meant to reinforce safety and curb legal exercise, together with cash laundering and terrorism financing.

The analytics agency speculated that the stricter compliance measures led to mass consumer withdrawals as a result of privateness issues.

It additionally famous that KuCoin’s alleged reserve drop was steeper than comparable developments seen throughout centralized exchanges, suggesting a extra acute consumer response on this case.

Nonetheless, KuCoin pushed again on these conclusions, saying the figures don’t precisely symbolize the present state of its reserves and warning that such misinformation may injury belief throughout the broader crypto business.

KuCoin publishes proof-of-reserves to counter claims

To counter the narrative, KuCoin launched its newest Proof of Reserves report—its thirtieth to this point—providing an in depth snapshot of its present digital asset holdings.

In response to the report, KuCoin’s Bitcoin reserve ratio stands at 106%, overlaying roughly 9,751 BTC in consumer balances and 10,306 BTC in exchange-controlled wallets.

The info signifies that KuCoin holds extra BTC than it owes to its prospects, reassuring customers of the platform’s solvency.

Along with Bitcoin, the report revealed overcollateralization for different main property:

• Ethereum (ETH): 116% reserve ratio

• Tether (USDT): 114% reserve ratio

• USD Coin (USDC): 109% reserve ratio

KuCoin acknowledged, “We’re concerned about the spread of false or misleading information by some platforms. Irresponsible reporting misleads users and undermines trust in the crypto ecosystem.”