KuCoin Implements Merkle Tree Proof-of-Reserves and $250M Insurance Custody as Regulations Intensify
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最新报道：KuCoin has implemented Merkle Tree proof-of-reserves to enhance transparency, revealing $4.8 billion in assets including 31,000 BTC and 278,000 ETH. The exchange also secured a $250 million insurance fund through partnerships with on-chain custodians. This move comes as global crypto regulations intensify, with KuCoin aiming to rebuild trust after past controversies. The proof-of-reserves system allows users to independently verify holdings without compromising privacy. KuCoin CEO Johnny Lyu stated the exchange is committed to compliance and user protection amid tightening industry oversight.
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