Despite facing criminal allegations and concerns about its financial reserves, the Seychelles-based cryptocurrency exchange KuCoin has been deemed “fine” by Ki Young Ju, the CEO of the crypto analytics firm CryptoQuant. Ju’s endorsement comes amidst user worries over KuCoin’s ability to fulfill withdrawal requests, particularly in light of recent surges in Bitcoin (BTC) and Ethereum (ETH) withdrawals. Ju observed that these withdrawals, mainly initiated by retail users, had little impact on KuCoin’s overall reserves. He assured on X, “They appear to not commingle customers’ funds and have sufficient reserves to process user withdrawals,” suggesting from an on-chain analysis that the
