KuCoin Faces Massive BTC Outflow After KYC Rollout! ๐จ๐ฃ๐
๐จ๐จ JUST IN: KuCoin loses over 77% of its BTC reserves following its mandatory KYC announcement!
On-chain data shows a dramatic drop:
๐ป 18,300 BTC โ 4,100 BTC
Thatโs a net outflow of 14,200 BTC โ a 77.6% decrease!
This highlights how KYC policies can impact user trust, privacy concerns, and liquidity behavior across exchanges.
Will other centralized platforms face similar reactions?
The market is watching closely.
Stay sharp, stay informed,
Always DYOR
