Wu Blockchain (@WuBlockchain): ZachXBT Flags JuCoin Over Withdrawal Issues and Reserve Concerns
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ZachXBT Flags JuCoin Over Withdrawal Issues and Reserve Concerns ZachXBT said multiple users have reported withdrawal issues on JuCoin over the past week. He also questioned the exchange’s reported $511 million reserves, alleging most consist of USDC and USDT issued on its own JuChain without clear backing. ZachXBT further noted JuDAO suffered a $20 million incident in 2025 and a $225,000 exploit in April 2026, while JuCoin attributed the delays to platform upgrades and restructuring.