KuCoin Passes Hacken-Audited Proof of Reserves, Maintains Over 100% Collateralization for 32nd Straight Month
2025-07-10 10:50:08
Main Idea
KuCoin has successfully passed an independent Proof of Reserves (PoR) audit by Hacken, maintaining over 100% collateralization for key cryptocurrencies for the 32nd consecutive month, reinforcing its commitment to transparency and asset backing.
Key Points
1. KuCoin holds reserve ratios of 110% for BTC, 110% for ETH, 114% for USDT, and 112% for USDC, with verifiable on-chain data.
2. The audit confirmed KuCoin's full asset backing with surplus reserves, including 10,312 BTC against 9,392 BTC user deposits and 150,539 ETH against 137,240 ETH user deposits.
3. The audit covered over 30 blockchain networks and included comprehensive verification techniques, part of KuCoin's $2 billion Trust Project to enhance security and transparency.
4. KuCoin serves over 41 million users globally and has received recognition from Forbes and Hurun for its user-focused approach and security measures.
5. Users can verify KuCoin's reserves directly on-chain through tools available on the platform's Proof of Reserves page.
Description
KuCoin has completed its 32nd consecutive Proof of Reserves audit, independently verified by Hacken. KuCoin holds reserve ratios of 110% for BTC and ETH, 114% for USDT, and 112% for USDC. This milestone is part of KuCoin’s $2 billion Trust Project, reinforcing its long-term commitment to security. Global crypto exchange KuCoin has completed a new independent Proof of Reserves (PoR) audit, which was conducted by the leading blockchain security firm Hacken. With this latest milestone, the platform...
Latest News
- Behind Strategy’s $22B Bitcoin Profit Is Over $11B in Debt and a Failing Business2025-07-10 16:46:49
- SaruTobi, the First iOS Game Where You Can Earn Bitcoin2025-07-10 15:41:55
- Polygon Dominates Crypto Micropayments with Over 50% Market Share2025-07-10 15:26:04
- USDC Is Coming to Jack Ma-backed Ant Group’s $1 Trillion Blockchain Network2025-07-10 15:09:34
- Chinese Creditors Challenge $1.4B Exclusion from FTX Bankruptcy Claims2025-07-10 14:38:27