KuCoin, a prominent cryptocurrency exchange, has vehemently refuted allegations of a significant reduction in its Bitcoin reserve holdings. The company asserts that its reserves remain robust and well-secured. 106% reserves were reported as of April 30, 2025, contradicting the claims made by some external reports. The exchange’s official statement highlights that all assets on the platform are overcollateralized, with user deposits fully covered and exceeding the mandated reserve level. This follows a period of heightened market volatility. KuCoin CEO Johnny Lyu emphasized transparency in response to these allegations, suggesting third-party analyses may have discrepancies due to differing reporting methodologies.