KuCoin completes a successful Proof of Reserves (PoR) audit conducted by Hacken, covering a wide range of assets across different blockchain networks.
The audit confirms that KuCoin's reserves exceed user liabilities with ratios higher than 1:1 for major assets like BTC, ETH, USDT, and USDC.
Assets from over 30 blockchain networks were included in the audit, with no inconsistencies found, demonstrating KuCoin's commitment to security and transparency.
KuCoin's CEO emphasizes the importance of transparency in the crypto ecosystem, stating that asset audits are crucial for building user trust and supporting the sustainable development of the industry.