Although whispers of financial turmoil often ripple through the crypto world like a chilly breeze on a quiet night, KuCoin has boldly stepped forward to deny a startling claim about its Bitcoin reserves. A report from Onchain School, citing CryptoQuant data, alleged a jaw-dropping 77% drop in KuCoin’s Bitcoin holdings since mid-2023, from 18,300 BTC to a mere 4,100 by April 2025. Imagine the sound of coins clinking away into the digital void. Yet, KuCoin calls this pure fiction, a misleading tale spun to spook users. Blockchain analytics tools provide crucial data verification capabilities for monitoring cryptocurrency movements across exchanges.
Digging deeper, the exchange points fingers at the report for sloppy diligence, urging platforms like CryptoQuant to double-check their math. The alleged plunge was tied to KuCoin’s mandatory Know Your Customer (KYC) rules rolled out in 2023, a move to tighten security and dodge money-laundering shadows. Some users, smelling a privacy invasion, reportedly yanked their funds faster than a kid snatching candy. But KuCoin scoffs at the drama, countering with hard proof. Additionally, KuCoin has publicly slammed the report for spreading misinformation, emphasizing their commitment to transparency and user trust slammed the report.
Their 30th Proof of Reserves (PoR) report for April 2025 shines like a polished coin under sunlight, showing a Bitcoin reserve ratio of 106%. That’s right, they hold more—10,306 BTC—than owed to users at 9,751 BTC. Picture a vault brimming over, defying the naysayers. Even Ethereum and Tether ratios gleam at 116% and 114%. This report underscores their dedication to asset transparency with verifiable on-chain data asset transparency. It’s a stark contrast to old-school banking’s murky ledgers, isn’t it?
KuCoin’s latest Proof of Reserves dazzles, boasting a 106% Bitcoin ratio—10,306 BTC against 9,751 owed. A vault overflowing, silencing the skeptics!
Still, whispers linger. KYC, while a nod to global rules, feels like a leash to some crypto purists craving anonymity. KuCoin insists it’s building trust, not breaking it. Will users buy this modern transparency over the wild, untamed spirit of early crypto? Only time, ticking like a blockchain update, will tell.
