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KuCoin Allocates $2 Billion for Crypto Security and Transparency
On April 30, 2025, KuCoin announced a monumental investment of $2 billion in its “Trust Project” at the TOKEN2049 event in Dubai. This significant allocation is aimed at enhancing cryptocurrency security and transparency, marking a strategic shift towards heightened user protection and regulatory compliance.
This move comes as a response to the company’s legal challenges in the U.S., which have been ongoing since January 2024. By committing $2 billion to the “Trust Project,” KuCoin is demonstrating its commitment to long-term accountability and proactive approach to restoring confidence in the crypto market.
The announcement was made by CEO BC Wong, who emphasized that the company is focusing on building credibility, protecting users, and securing the future of cryptocurrency. The CEO also highlighted the importance of regulatory alignment, stating that KuCoin will prioritize its efforts towards MiCA regulations.
It’s worth noting that KuCoin has been dealing with security breaches in the past, such as a major incident in 2020 where $281 million in assets were compromised. However, the company has taken steps to improve transparency by releasing detailed wallet address disclosures and implementing multi-layered security measures, including SOC 2 Type II certification.
In addition, KuCoin is now offering insurance-backed custodial funds, further solidifying its commitment to asset protection.
Experts have praised KuCoin’s new approach as a robust framework that showcases the company’s dedication to maintaining the highest level of security for its users.
Source: https://www.kanalcoin.com/kucoin-crypto-security-transparency-fund/
