ZachXBT Exposes JuCoin Over $511M Reserves, Withdrawal Freezes

On-chain investigator ZachXBT said multiple users have reported withdrawal issues on JuCoin over the past week, and publicly questioned the exchange's claim of $511 million in reserves. He alleged the bulk of that figure is held in USDC and USDT issued on JuCoin's own JuChain, with no clear backing.