KuCoin Successfully Completes Hacken-Audited Proof of Reserves for Transparency

In a significant stride towards enhancing user trust and regulatory compliance, KuCoin, a prominent cryptocurrency exchange, has successfully undertaken an independent Proof of Reserves (PoR) audit conducted by the esteemed blockchain security firm Hacken. This audit underscores KuCoin's unwavering commitment to transparency, user security, and accountability within the ever-evolving landscape of digital assets.

The audit, which marks the 32nd consecutive month of PoR reports from KuCoin, validates that the company's reserves not only cover but exceed all user liabilities across a diverse range of cryptocurrencies. This impressive feat is indicative of KuCoin's dedication to maintaining a robust reserve ratio, reported to be above 11. During the audit process, extensive methodologies were employed, including a thorough assessment of ownership, reserves calculation, and proofs of liabilities, ensuring that every asset across several blockchain networks was accounted for. As of June 30, 2025, KuCoin showcased reserve ratios for key assets such as Bitcoin (BTC) standing at 110%, Ethereum (ETH) at 110%, Tether (USDT) at 114%, and USD Coin (USDC) at 112%.

KuCoin's audit process not only reaffirmed its stance on transparency but also highlighted significant advancements in the company's risk management strategies. The analysis spanned over 30 blockchain networks, including notable platforms like Ethereum, Solana, and TON, where industry-standard verification techniques—such as custom digital signatures and anonymized liability snapshots—were employed. Impressively, Hacken confirmed that all assets in the PoR audit were fully backed, with no discernible discrepancies or shortfalls found in KuCoin’s holdings.

BC Wong, the CEO of KuCoin, emphasized that transparency is the cornerstone of trust within the cryptocurrency ecosystem. He stated, "This audit not only validates our dedication to safeguarding user assets but also reflects our broader vision of building a secure and inclusive platform for all." This statement resonates deeply, considering the ongoing skepticism surrounding cryptocurrency platforms and the essential need for robust regulatory frameworks.

With the increasing importance of transparency in the cryptocurrency space, KuCoin is launching a $2 billion Trust Project to fortify security and enhance user confidence further. This initiative is designed to maintain and augment the company's transparency and security measures, mandating continuous investments in advanced security infrastructure to ensure a seamless user experience.

Moreover, KuCoin encourages users to engage with its Proof of Reserves page, allowing them to verify on-chain data independently. This initiative not only highlights KuCoin's commitment to user education and empowerment but also aims to foster a culture of trust and accountability within the broader crypto community.

Founded in 2017, KuCoin has rapidly evolved into one of the most recognized cryptocurrency exchanges globally, boasting over 41 million users in diverse markets. The exchange offers a comprehensive suite of solutions ranging from trading and investment management to payment services governed by an unwavering commitment to user-centric values, including integrity and accountability. KuCoin's accolades, such as being named one of the "Best Crypto Apps for Exchanges" by Forbes and being ranked among the "Top 50 Global Unicorns" by Hurun in 2024, echo its dedication to excellence and continuous improvement.

In conclusion, KuCoin's successful completion of the Hacken-audited Proof of Reserves highlights not just a pivotal achievement for the platform, but it also sets a benchmark for the industry. As cryptocurrency continues to gain traction, initiatives like these will play a crucial role in cultivating trust, advancing self-regulation, and fostering sustainable growth within the sector. This commitment to transparency and security will undoubtedly empower users and promote broader adoption of digital assets across the globe.

Topics Financial Services & Investing)

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