ZachXBT Alerts: JuCoin Faces Recent Withdrawal Issues, Reserve Transparency Questioned

According to blockchain analyst ZachXBT, centralized exchange JuCoin has been flagged for withdrawal issues over the past week, with multiple users reporting anomalies. The exchange disclosed total reserves of approximately $511 million in its proof of reserves on X; however, the majority consists of USDC and USDT issued on its own blockchain JuChain, raising questions about the actual backing of its reserves.
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