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Achieves the 32nd Consecutive Month of Publishing PoR Reports, Sustaining over 100% Coverage
VICTORIA, Seychelles, July 10, 2025 /PRNewswire/ -- KuCoin, a leading global cryptocurrency exchange, is pleased to announce the successful completion of its latest Proof of Reserves (PoR) audit, conducted by renowned blockchain security firm Hacken.
Through rigorous PoR audit procedures — including Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a comprehensive Proof of Reserves Assessment — the audit covered a wide range of assets across multiple blockchain networks. This process underscores KuCoin's commitment to full transparency and user trust.
During the meticulous evaluation, KuCoin successfully demonstrated that its holdings not only fully cover but exceed all user liabilities across all in-scope assets, maintaining a solid reserve ratio greater than 1:1. These assurances are substantiated by the compelling findings presented in the audit results and mark the 32nd consecutive month that KuCoin has published a PoR report confirming full collateralization — a clear testament to the platform's long-standing dedication to transparency and user protection.
The audit validated KuCoin's reserves across a broad range of cryptocurrencies, confirming that all user liabilities for in-scope assets are fully backed without exception. According to the latest data available on KuCoin's Proof of Reserves page as of June 30, 2025, the platform maintains the following reserve ratios for key assets:
- BTC: 110%
- ETH: 110%
- USDT: 114%
- USDC: 112%
These figures reflect KuCoin's prudent approach to risk management and its commitment to maintaining the highest standards of financial security.
The audit encompassed assets across more than 30 blockchain networks, such as Ethereum, Solana, TON, and zkSync. Using industry-standard methodologies including custom digital signatures, "send-to-self" transactions, and anonymized liability snapshots, Hacken verified KuCoin's ownership and control of all listed wallets, with no discrepancies or shortfalls identified.
"At KuCoin, we believe transparency is the foundation of trust in the crypto ecosystem," said BC Wong, CEO of KuCoin. "This audit not only validates our dedication to safeguarding user assets but also reflects our broader vision of building a secure and inclusive platform for all. We will continue to prioritize transparency and security as we work toward empowering our users and advancing global digital asset adoption. Asset audits represent a vital starting point for industry self-regulation — a necessary step toward building user confidence and supporting the long-term, sustainable development of the crypto space."
Looking to the future, KuCoin is dedicated to bolstering user trust through its $2 billion Trust Project, an initiative aimed at fortifying security and transparency across the platform. As part of this initiative, KuCoin will continue to uphold transparency. This includes ongoing investments in cutting-edge security infrastructure to provide a seamless and secure experience.
KuCoin also invites users to actively participate in using the intuitive tools available on the Proof of Reserves page. By offering users the ability to verify on-chain data directly, KuCoin continues to push the boundaries of trust and accountability.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.
KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at: www.kucoin.com
Achieves the 32nd Consecutive Month of Publishing PoR Reports, Sustaining over 100% Coverage
VICTORIA, Seychelles, July 10, 2025 /PRNewswire/ -- KuCoin, a leading global cryptocurrency exchange, is pleased to announce the successful completion of its latest Proof of Reserves (PoR) audit, conducted by renowned blockchain security firm Hacken.
Through rigorous PoR audit procedures — including Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a comprehensive Proof of Reserves Assessment — the audit covered a wide range of assets across multiple blockchain networks. This process underscores KuCoin's commitment to full transparency and user trust.
During the meticulous evaluation, KuCoin successfully demonstrated that its holdings not only fully cover but exceed all user liabilities across all in-scope assets, maintaining a solid reserve ratio greater than 1:1. These assurances are substantiated by the compelling findings presented in the audit results and mark the 32nd consecutive month that KuCoin has published a PoR report confirming full collateralization — a clear testament to the platform's long-standing dedication to transparency and user protection.
The audit validated KuCoin's reserves across a broad range of cryptocurrencies, confirming that all user liabilities for in-scope assets are fully backed without exception. According to the latest data available on KuCoin's Proof of Reserves page as of June 30, 2025, the platform maintains the following reserve ratios for key assets:
- BTC: 110%
- ETH: 110%
- USDT: 114%
- USDC: 112%
These figures reflect KuCoin's prudent approach to risk management and its commitment to maintaining the highest standards of financial security.
The audit encompassed assets across more than 30 blockchain networks, such as Ethereum, Solana, TON, and zkSync. Using industry-standard methodologies including custom digital signatures, "send-to-self" transactions, and anonymized liability snapshots, Hacken verified KuCoin's ownership and control of all listed wallets, with no discrepancies or shortfalls identified.
"At KuCoin, we believe transparency is the foundation of trust in the crypto ecosystem," said BC Wong, CEO of KuCoin. "This audit not only validates our dedication to safeguarding user assets but also reflects our broader vision of building a secure and inclusive platform for all. We will continue to prioritize transparency and security as we work toward empowering our users and advancing global digital asset adoption. Asset audits represent a vital starting point for industry self-regulation — a necessary step toward building user confidence and supporting the long-term, sustainable development of the crypto space."
Looking to the future, KuCoin is dedicated to bolstering user trust through its $2 billion Trust Project, an initiative aimed at fortifying security and transparency across the platform. As part of this initiative, KuCoin will continue to uphold transparency. This includes ongoing investments in cutting-edge security infrastructure to provide a seamless and secure experience.
KuCoin also invites users to actively participate in using the intuitive tools available on the Proof of Reserves page. By offering users the ability to verify on-chain data directly, KuCoin continues to push the boundaries of trust and accountability.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.
KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at: www.kucoin.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
KuCoin Completes Independent Hacken-Audited Proof of Reserves
KuCoin Completes Independent Hacken-Audited Proof of Reserves
From data centers to modern homes: a new era of residential energy reliability
SAN JOSE, Calif., Dec. 30, 2025 /PRNewswire/ -- FranklinWH Energy Storage Inc., a leading provider of home energy solutions, proudly announces that the FranklinWH System with aPower battery storage has obtained the world's first TIA-942 certification across the full rating spectrum spanning from rated 1 through rated 4 (4 is the peak of the certification hierarchy) for residential systems. TIA-942 is a well-known data center standard for ensuring reliability and availability of equipment and extending that to home energy systems is critical for providing homeowners the confidence that they will have power when it is needed. This milestone sets a new benchmark in the residential energy storage system (ESS) sector, signifying the FranklinWH System meets the stringent data-center standard for reliability, resiliency, and availability.
The demand for exceptional energy reliability is increasingly required in modern homes. However, the residential ESS industry today lacks a universally accepted benchmark for reliability. Adopting the data center standard offers consumers and partners a transparent, objective assurance that the ESS performs to the highest standard of reliability and robustness, with ultra-clean and stable UPS-grade power delivery.
"With this certification, we are raising the bar for residential energy storage, giving homeowners added confidence that their system will perform when they need it most," said Gary Lam, CEO of FranklinWH. "TIA-942 is a rigorous, measurable standard trusted by the world's most critical facilities. Bringing this level of proven reliability to the home means performance isn't just promised, it's verified."
Developed by the Telecommunications Industry Association (TIA) and accredited by ANSI, TIA-942 certification evaluates infrastructure across power systems, redundancy, monitoring, fault tolerance, and overall resiliency. The standard is issued by Enterprise Products Integration (EPI) and defines four increasing levels of reliability, each requiring stringent engineering and system design to minimize downtime and ensure continuous operation. It is widely considered the leading standard for uptime in data centers and other always-on facilities and, until now, it had never been applied to residential energy systems.
The standard defines four rated levels, with rated 4 representing the highest level of redundancy, fault tolerance, maintainability, and resiliency. For decades, the standard has served as one of the most rigorous and complete reliability frameworks.
With this milestone, FranklinWH sets a new industry standard that brings enterprise-level reliability to homeowners for the first time.
About FranklinWH
FranklinWH Energy Storage is the manufacturer of the FranklinWH System, a next-generation home energy management and storage solution. Headquartered in the San Francisco Bay Area, FranklinWH's team brings decades of experience across energy system design, manufacturing, sales, and installation. The company is AVL-listed with multiple financial institutions and continues to empower homeowners to achieve true energy freedom. Learn more at franklinwh.com.
CONTACT: Email: Media@franklinwh.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
FranklinWH System Obtains World's First TIA-942 Rated 1 to 4 Certification for Home Energy
