New allegations emerge against JuCoin
FlashRescue co-founder DarcyAri claims that JuCoin transferred over 3.13 million USDT across 36 transactions while user withdrawals were suspended.
According to the on-chain analysis, funds were sent from JuCoin's proof-of-reserves wallet to:
• Binance deposit address: ~1.88M USDT
• High-frequency distribution address: ~1.05M USDT
• Cobo address: 200K USDT
The FlashRescue team says it is continuing to identify additional JuCoin-linked wallets to trace the movement of funds.
The allegations come just days after reports claimed JuCoin's proof-of-reserves was misleading, alleging that the displayed USDT and USDC balances were actually internally issued tokens rather than genuine stablecoins.
At the time of writing, these claims remain allegations and JuCoin has not publicly confirmed the accusations.
FlashRescue co-founder DarcyAri claims that JuCoin transferred over 3.13 million USDT across 36 transactions while user withdrawals were suspended.
According to the on-chain analysis, funds were sent from JuCoin's proof-of-reserves wallet to:
• Binance deposit address: ~1.88M USDT
• High-frequency distribution address: ~1.05M USDT
• Cobo address: 200K USDT
The FlashRescue team says it is continuing to identify additional JuCoin-linked wallets to trace the movement of funds.
The allegations come just days after reports claimed JuCoin's proof-of-reserves was misleading, alleging that the displayed USDT and USDC balances were actually internally issued tokens rather than genuine stablecoins.
At the time of writing, these claims remain allegations and JuCoin has not publicly confirmed the accusations.