ZachXBT flags JuCoin withdrawals and JuChain-issued USDT and USDC in self-reported $511M reserves
wublockchain.xyz •
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Promote with Leviathan NewsZachXBT says multiple JuCoin users reported withdrawal issues over the past week while Ju attributes delays to upgrades and restructuring. The sharper issue is reserves: DarcyAri’s analysis alleges Ju’s self-reported $511M PoR is mostly USDT and USDC issued on JuChain without clear external backing, not native Circle or Tether assets. ZachXBT also points to opaque ownership, multiple rebrands, JuDAO’s $225K April 2026 exploit and alleged $20M September 2025 POL loss, plus at least $5M in Bybit DPRK exploit funds that moved via Ju in 2025.
TLDR by @Benthic
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