ZachXBT warns that JuCoin has withdrawal issues, and reserve and ownership transparency are once again being questioned.

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Deep Tide TechFlow News: On June 07, on-chain investigator ZachXBT posted that the East Asian centralized exchange Ju (JuCoin) has recently been reported by multiple users for withdrawal anomalies over the past week. The analysis says that in the reserve proof it published on X, it claims a total reserve of about $511 million, but most of it consists of USDC and USDT issued on its own chain, JuChain, and the actual backing remains unclear.

Public information also shows that Ju’s ownership structure is opaque, and the publicly disclosed team appears to not be the actual controlling party. Ju previously said that the delays were due to upgrades and restructuring, and it has undergone multiple rebrandings.

Additionally, disclosures indicate that JuDAO lost $225,000 in April 2026 due to a smart contract vulnerability. In September 2025, approximately 77 million POL tokens were locked due to an error in the deployment of a proxy contract, involving an estimated loss of about $20 million.

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