KuCoin's latest reserve data shows that the reserve ratios of its four core assets all exceed 100%

According to the asset reserve audit data released by KuCoin on April 30, 2025, the reserve ratios of BTC, ETH, USDT, and USDC on the platform are 106%, 116%, 114%, and 109%, respectively. Among them, BTC user assets are 9751 and wallet assets are 10306; ETH user assets are 145807 and wallet assets are 168779; USDT user assets are approximately $1.179 billion, and wallet assets are approximately $1.338 billion. KuCoin emphasized that its reserves are audited by a third party, responding to false reports from the outside world and stating that the platform's asset condition is healthy and stable. Earlier today, On ChainSchool cited CryptoQuant data to report that KuCoin's Bitcoin reserves have sharply decreased by over 77% since KYC rumors began.