KuCoin's #Bitcoin reserves dropped 77.6% from 18,300 BTC to 4,100 $BTC BTC following a mandatory KYC announcement, as users withdrew 14,200 BTC due to privacy concerns.
Onchain School data, highlights the correlation between KuCoin's KYC policy enforcement and the mass exodus of Bitcoin, reflecting a broader trend of privacy-focused crypto users rejecting centralized exchanges with strict regulations.
