JuCoin Users Report Withdrawal Delays as $511M Reserve Claims Come Under Question

Crypto investigator ZachXBT has reported that multiple users on JuCoin experienced withdrawal delays over the past week.

Alongside these user complaints, he also raised concerns about the exchange’s claimed $511 million in reserves, suggesting that a significant portion may consist of USDC and USDT issued on its own JuChain without clear or transparent backing.

He further added historical context by pointing to earlier security incidents, including a $20 million event involving JuDAO in 2025 and a $225,000 exploit in April 2026.

In response, JuCoin stated that the recent withdrawal disruptions are linked to ongoing platform upgrades and internal restructuring efforts.

Source: ZachXBT (Telegram)