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KuCoin Bitcoin Reserve Plunges Over 25% After DoJ Charges

source-logo  coingape.com 03 April 2024 12:15, UTC

KuCoin, one of the prominent crypto exchanges, witnessed a significant downturn in its Bitcoin (BTC) reserve. The crypto exchange’s BTC reserve plummeted by over 25% in March on a month-on-month basis. This dramatic decline comes in the wake of recent charges filed by the U.S. Department of Justice (DoJ).