KuCoin CEO Johnny denied the report on Twitter which said KuCoin had "huge exposure" to FTX. He said KuCoin has no exposure to FTX and has never deposited any funds at FTX. Currently, the team is working on its merkle-tree proof-of-reserves.
KuCoin
FTX
Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more KuCoin introduces new crypto payment system for exchange users FTX Plans to Give 98% of its Creditors up to 118% of Allowed Claims FTX Aims to Begin to Repay Customers by the End of 2024 KuCoin Exchange to Airdrop $10M Worth of Bitcoin and KuCoin Token
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