{"id":573120,"date":"2022-07-04T19:03:12","date_gmt":"2022-07-04T18:03:12","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=573120"},"modified":"2022-07-04T19:03:12","modified_gmt":"2022-07-04T18:03:12","slug":"kucoin-ceo-debunks-exchange-has-300-bitcoin-states-on-chain-tools-cant-track-unlabeled-wallets","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/kucoin-ceo-debunks-exchange-has-300-bitcoin-states-on-chain-tools-cant-track-unlabeled-wallets\/","title":{"rendered":"KuCoin CEO Debunks Rumor that the Exchange Has Only 300 Bitcoin, States On-Chain Tools Can’t Track Unlabeled Exchange Wallets"},"content":{"rendered":"
Summary:<\/p>\n
KuCoin CEO, Johnny Lyu, has debunked another rumor that the crypto exchange has only 300 Bitcoin in its wallets.<\/p>\n
According to Mr. Lyu, the on-chain tracking tools currently available cannot rack all exchange wallets since they are not labeled. He added that in the past, KuCoin wallets had not been tracked by Glassnode, and the latter recently updated their Bitcoin wallet labels for KuCoin.<\/p>\n
He shared his input on the status of KuCoin<\/a> Bitcoin holdings through the following tweet.<\/p>\n Most on-chain tracking tools can't present the exact balance of exchanges. Not their fault, just because many exchange addresses are not labeled. <\/p>\n Previously many KuCoin wallets have not been tracked by Glassnode, and they recently updated the BTC labels for KuCoin. https:\/\/t.co\/P70Nucio0f<\/a><\/p>\n — Johnny_KuCoin (@lyu_johnny) July 4, 2022<\/a><\/p><\/blockquote>\n\n