Kucoin has denied claims that it lost over 77% of its bitcoin reserves since June 28, 2023, and has described the data from Cryptoquant as “factually incorrect and highly misleading.” Cryptoquant Data Sparks Row Kucoin has refuted claims it lost over 77% of its bitcoin ( BTC) reserves since the mandatory know your customer (KYC) […]
Crypto Exchange Kucoin Slams ‘Misleading’ Report on BTC Holdings Read More »
KuCoin has pushed back against claims suggesting it lost over 77% of its Bitcoin reserves since 2023. The crypto exchange labeled the circulating figures misleading and inaccurate, emphasizing its commitment to transparency and responsible reporting. KuCoin’s falling Bitcoin reserves? The controversy stems from a report by Onchain School, a data-focused platform citing data from CryptoQuant.
Key Takeaways: KuCoin’s mandatory KYC rollout triggered a 77% plunge in its Bitcoin reserves, as privacy-focused users rapidly withdrew funds rather than comply. The dramatic outflow shows how sensitive crypto users remain to compliance shifts and regulatory crackdowns. KuCoin’s experience exposes the trade-off exchanges face between regulatory alignment and user retention in an era of
KuCoin BTC Reserves Collapse 77% as 14k Coins Flee, Liquidity Squeeze Looms Read More »
Key Notes KuCoin commits $2 billion to its new Trust Project. The initiative aims to boost crypto security and transparency. KuCoin expands into Thailand and eyes EU growth. Popular crypto exchange KuCoin has announced its latest initiative, the “Trust Project,” pledging $2 billion to improve security and transparency across the crypto ecosystem. The project is
KuCoin Launches $2B Trust Project to Boost Crypto Security Read More »
