An analyst named Ki Young Ju, who is the founder and CEO of the crypto analytics service CryptoQuant, has given a positive assessment of the Seychelles-based crypto exchange KuCoin. Despite facing criminal allegations and user concerns over its reserves, Ki Young Ju stated that KuCoin seems to be handling withdrawals well and has enough reserves to process them without mixing customer funds. Comparing KuCoin's reserves to the now-defunct exchange FTX, Ju noted that KuCoin has maintained a clear separation between customer funds and its own reserves. This analysis comes in the midst of legal troubles for KuCoin's founders, Chun Gan and Ke Tang, who are accused of neglecting an Anti-Money Laundering program. The market response to these allegations has been relatively calm, with the Crypto Fear and Greed Index showing high levels of greed. Concerns over the reserves of exchanges like KuCoin can lead to significant withdrawals by users, as seen in the case of FTX. Market reactions to these concerns can have a ripple effect, impacting the wider cryptocurrency market.
KuCoin Analysis by CryptoQuant CEO

by Giorgi Kostiuk
2 years ago

Other news
Federal Reserve Holds Interest Rate Steady Amid Rising Energy Costs

The Federal Reserve held its benchmark interest rate steady amid rising energy costs, maintaining a cautious stance to balance price pressures with a cooling job market.

Jane Street Resumes Bitcoin Activity Amid Ongoing Scrutiny

Jane Street has resumed moving Bitcoin, drawing attention due to its past actions during the TerraLUNA collapse.

FTX Announces Fourth Distribution to Creditors

FTX and its Recovery Trust have set March 31, 2026, as the start date for the fourth distribution to creditors, amounting to approximately $22 billion.

US Customer Entitlements Near Full Recovery

The fourth distribution will bring Allowed Class 5A and 5B US Customer Entitlement Claims to a cumulative recovery of 100%. Under the established waterfall priorities, Allowed Class 5A claims will receive an 18% distribution, while Class 5B claims are set to complete their recovery.

FTX Sets Record Date for Preferred Equity Holders Payment

FTX has set April 30, 2026, as the record date for a payment to preferred equity holders, scheduled for May 29, 2026.

Microsoft Weighs Legal Action Against Amazon Over OpenAI Agreement

Microsoft is considering legal action against Amazon over a $50 billion deal with OpenAI that may breach its exclusive cloud partnership.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter