KuCoin, a leading cryptocurrency exchange, has announced the successful completion of its latest Proof of Reserves (PoR) audit conducted by Hacken. This event underscores KuCoin's commitment to transparency and user security.
About the Audit and Its Importance
The Proof of Reserves audit involves verifying liabilities, ownership, reserves calculation, and a comprehensive assessment of reserves. It covers a wide range of assets across multiple blockchains, emphasizing KuCoin's dedication to transparency and user trust.
Audit Results and Reserve Ratios
The audit confirmed that KuCoin's reserves fully cover all user liabilities across all in-scope assets, maintaining a reserve ratio greater than 1:1. As of June 30, 2025, KuCoin’s reserve ratios include: BTC - 110%, ETH - 110%, USDT - 114%, USDC - 112%.
Management Statements and Future Plans
BC Wong, CEO of KuCoin, stated: "We believe transparency is the foundation of trust in the crypto ecosystem." KuCoin continues to invest in security infrastructure and has launched a $2 billion Trust Project aimed at enhancing user trust.
KuCoin reaffirms its commitment to transparency and security by regularly publishing Proof of Reserves reports. These actions contribute to strengthening trust in the cryptocurrency industry.
