KuCoin Completes Independent Hacken-Audited Proof of Reserves

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.