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KuCoin Completes Independent Hacken-Audited Proof of Reserves

2025-07-10 10:36:39

KuCoin Completes Independent Hacken-Audited Proof of Reserves

Main Idea

KuCoin has completed its 32nd consecutive month of publishing Proof of Reserves (PoR) reports, audited by Hacken, demonstrating full asset backing and transparency.

Key Points

1. KuCoin's latest Proof of Reserves (PoR) audit was conducted by Hacken, covering Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a comprehensive Proof of Reserves Assessment.

2. The audit confirmed KuCoin maintains a reserve ratio greater than 1:1 for all covered assets, marking its 32nd consecutive month of publishing PoR reports.

3. Reserve ratios for key assets, including Bitcoin, Ethereum, Solana, TON, and zkSync, were verified using industry-standard methodologies and anonymized liability snapshots.

4. KuCoin CEO BC Wong emphasized transparency as a foundation of trust in the crypto ecosystem, linking the audit to the platform's $2 billion Trust Project initiative.

5. KuCoin, founded in 2017, serves over 41 million users globally and has received industry accolades, including recognition by Forbes and Hurun.

Description

Achieves the 32nd Consecutive Month of Publishing PoR Reports, Sustaining over 100% Coverage VICTORIA, Seychelles, July 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is pleased to announce the successful completion of its latest Proof of Reserves (PoR) audit, conducted by renowned blockchain security firm Hacken. Through rigorous PoR audit procedures — including Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a comprehensive Proof of Reserves Asses...

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