CryptoBearishBlockonomi · 4h ago7/10
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ZachXBT Raises Alarm Over JuCoin Withdrawal Problems and Reserve Doubts
Blockchain investigator ZachXBT has raised serious concerns about JuCoin's operational integrity, citing widespread user withdrawal failures and claiming the exchange's $511M reserve is artificially inflated through self-issued stablecoins. The allegations come amid a pattern of losses and security breaches affecting JuDAO, JuCoin's parent organization, including a $20M loss and connections to proceeds from the Bybit DPRK hack.