KuCoin disputes claims of 77% drop in Bitcoin reserves, unveils robust 106% reserve ratio

By: cryptosheadlines|2025/05/06 21:45:02

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com 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.According to their findings, KuCoin’s Bitcoin holdings reportedly fell from 18,300 BTC in June 2023 to roughly 4,100 BTC by April 2025.KuCoin’s Alleged Bitcoin Reserve (Source: CryptoQuant)The analysis attributes this steep drop, which amounts to around 14,200 BTC, to KuCoin’s introduction of mandatory know-your-customer (KYC) rules in mid-2023.The KYC policy, which took effect in August 2023, required all users to complete identity verification. At the time, KuCoin stated the move was necessary to combat criminal activity such as money laundering and terrorism financing.Onchain School suggested this compliance push prompted users to withdraw funds, citing privacy concerns.The analytics platform also claimed KuCoin’s situation reflects a broader trend of declining Bitcoin reserves across centralized exchanges. However, it stressed that KuCoin’s case was notably more severe due to its timing and scale.KuCoin releases proof-of-reserveKuCoin rejected the findings and expressed concern over what it described as irresponsible reporting.The exchange stated that the reported numbers do not reflect its reserve levels and warned that inaccurate data could erode public confidence.The firm stated:“We’re concerned about the spread of false or misleading information by some platforms. Irresponsible reporting misleads users and undermines trust in the crypto ecosystem.”To reinforce its position, the exchange shared its 30th Proof of Reserves, which showed that it held a 106% Bitcoin reserve ratio. This includes about 9,751 BTC in user funds and 10,306 BTC in exchange-controlled wallets.The report also showed reserve coverage of 116% for Ethereum, 114% for USDT, and 109% for USDC.Mentioned in this articleLatest Alpha Market ReportSource link

April 8, 2026 – A temporary ceasefire between the U.S. and Iran has provided some immediate relief to the global markets, but the fundamental question remains: Will the cessation of hostilities hold, or is this merely a brief reprieve before a resumption of conflict? As the situation unfolds, market observers are closely monitoring how key assets like oil, gold, and Bitcoin will react in the coming weeks. This article explores whether the ceasefire is a sign of lasting peace, assesses the short-term market implications, and delves into the evolving role of Bitcoin in the global financial landscape.

WEEX Market Update: U.S.-Iran Ceasefire Sparks Bitcoin Price Surge

April 8, 2026 – In a significant shift in global geopolitics, U.S. President Donald Trump has announced a temporary two-week ceasefire with Iran, resulting in a notable market reaction across various asset classes. This development comes after discussions between Trump, Pakistani Prime Minister Shahbaz Sharif, and Army Chief General Asim Munir. The announcement is already reverberating through markets, particularly in oil, gold, and cryptocurrencies.

Morning Report | South Korean financial institutions pilot stablecoin payments for foreign users; Morgan Stanley Bitcoin ETF is about to be listed; CME plans to launch AVAX and SUI futures contracts

Overview of Important Market Events on April 7th

EigenCloud Founder: AI and Cryptocurrency are Creating the Next Trillion-Dollar Asset Class

Cryptocurrency is a rare capital formation tool for generations: it democratizes the ability to create new digital assets and grants fully digital ownership structures to internet-native entities.

From Panic to Pumps: How Bitcoin Traders Are Playing the 2-Week US-Iran Ceasefire

For most people, the two-week US-Iran ceasefire is about geopolitics, oil prices, and whether World War III gets postponed. But for crypto traders glued to their screens late Sunday night, it was something else entirely: the clearest risk-on signal in months.

US-Iran Ceasefire Triggers Oil Plunge, Bitcoin Surge, and Gold Rally

Despite the sharp rally, caution is warranted. The $70,000–$72,000 zone has historically been strong resistance. The ceasefire is only temporary (two weeks), and any breakdown in negotiations could trigger a sell-off toward the $62,000–$65,000 support zone. For now, Bitcoin needs to close decisively above $72,500 to confirm a true breakout; failure to do so within 48–72 hours could lead to a swift retracement.

OpenAI has no "New Deal," a blueprint for AI that refuses to pay.

OpenAI has published a 13-page policy whitepaper, proposing a Robot Tax, Universal AI Wealth Fund, and Four-Day Workweek

Wall Street Flash Mob Run? Mega-Cap Stock Plunge, Goldman's Great Escape, Illustrated Guide to Private Credit Crisis

A 5% Gate Failed to Split Blue Owl and Goldman Sachs into "Good Fund" and "Bad Fund"

OpenAI Feud: Power, Trust, and the Uncontrollable Boundaries of AGI

《The New Yorker》 Retells the OpenAI Power Struggle, Revealing Sam Altman's Governance Rift and Trust Issues

「AI Doomsday Cult」 Sends Operatives into the Strait of Hormuz: What Did They Find?

The reality is much more complex than everyone imagines; the Strait of Hormuz is not in a simple open or closed state.

Everyone is waiting for the war to end, but is the oil price signaling a prolonged conflict?

Oil is no longer just a byproduct of war but is becoming the war itself

Data Analysis: How Wide is the Liquidity Gap Between Hyperliquid and CME Crude Oil?

Compared to CME, Hyperliquid's high transaction costs remain a key obstacle to its expansion in the commodities trading sector.

After a 40% Reduction in Staff, Twitter's Founder to Give Away $1 Million in Bitcoin

Jack Dorsey's Bitcoin Day, a Landmark Return of the Bitcoin Faucet

Trade.xyz: Pricing the World? On-Chain Markets Are Becoming the Market

When the market begins to move ahead of the news, a shift from trading to pricing is taking place