jucoin

#ZachXBT has raised concerns about #JuCoin after multiple users reported withdrawal issues over the past week.

He also questioned the exchange’s reported $511M reserves, claiming a large portion may consist of USDC and USDT issued on its own JuChain without clear backing.

ZachXBT further pointed to past incidents involving #JuDAO , including a $20M event in 2025 and a $225K exploit in 2026, while JuCoin attributes recent delays to platform upgrades and restructuring.

Let's break down the history of jucoin.
Jucoin was one of the biggest exchanges back during the ICO boom, often referred to as the 'Jucoin Casino.' In 2017, Binance hadn't launched yet, and Huobi and OKEx were primarily focused on BTC and LTC, with a pitiful selection of altcoins. Most traders flocked to Jucoin to play the game.
Deposits back then were made via bank transfers, and I did that once myself. Jucoin was the first exchange where I actually spent real money to buy crypto. However, most of the assets listed were trash coins, albeit some gems like Dogecoin, Ripple, BitShares, AntShares, Worldcoin, Earthcoin, Maxcoin, and Dimecoin were also present, making it a mixed bag. The prices were still quoted in RMB, and Jucoin really took off thanks to ICOs.
After the crackdown on domestic exchanges and ICOs post-2017, Jucoin rebranded to Coinegg, also known as 'Coin Egg,' and some users' funds were conveniently transferred over. Many ICO tokens were just delisted and went to zero, leading to a dwindling user base as traders migrated to Huobi, which was thriving at the time, while OKCoin was slightly behind, and Binance was just starting to emerge.
After the bear market of 2018, Binance saw rapid growth, and Huobi also held its ground. OKCoin split into OKCoin and OKEx, while Coinegg fell silent like a still pond.
Eventually, Coin Egg's operations declined, and I stopped keeping tabs on it. Then jucoin popped up, though I can't recall exactly when—I’m too lazy to check. It was said to be created by the original team behind Jucoin, but Coinegg was still around, just with no users left.
Jucoin later survived by launching its platform token since platform tokens were all the rage back then, but it didn't quite reach its former glory. I think this was mainly due to the aggressive 'scalping' during the ICO craze, leaving only a handful of early Jucoin traders to follow.
#jucoin

JuCoin's $511 million reserve proof is under scrutiny, with on-chain assets being called out as mostly being JuChain's local mapped tokens #JuCoin #USDC #BTC

Humanity got hacked, 31 million dollars gone, and the H token plummeted 89% in a day. The hackers are still ramping up their minting, holding onto 110 million H just waiting to dump. This isn't a private key leak, it's clearly insider trading.

Jucoin is even worse, sneaking away 3.13 million USDT while banning withdrawals, and claiming some reserve proof. Wake up, it's just self-issued fake coins.

The market votes with real cash, and projects like this deserve to go to zero. Trust is collapsing one after another, who's the next unlucky victim?

#Humanity #安全事件 #Jucoin #加密诈骗 #Bitcoin

Let me tell you a horror story: JuCoin (Ju.com) users now can only trade USDT internally, while the off-exchange price has plummeted to 3 RMB, while normal USDT is at 6.8 RMB. In other words, if you have 100,000 USDT on paper, its actual value is less than 50,000, and it’s highly likely you can’t withdraw a single cent.

But that's not the scariest part. The scariest part is that this exchange has been laying the groundwork since 2024:

● January 2024: Claimed to be acquired by "World's Top 500 EXOR Group" (false)

● May 2025: Butterfly Protocol caused JU token to surge 300% then crash 66%

● May 26, 2026: Locked all withdrawals under the pretext of "listing compliance upgrade"

After a series of moves, 110,000 investors got completely wrecked. Some charged in with hundreds of thousands, and now they can’t even find customer service.

So now I only trust on-chain protocols and don’t believe in any centralized exchange promises.

@Bedrock 's Bedrock 2.0 is the most reliable yield infrastructure I’ve come across recently:

💎 Multi-asset liquidity re-staking — BTC, ETH, and DePIN assets can all participate, unlike JuCoin where you can only buy their vaporware.
💎 AI on-chain analyst BRclaw — Real-time risk monitoring, automatically adjusting strategies, 100 times more reliable than manual risk control.
💎 $BR token utility upgrade — Staking grants yield boosts, the higher the tier, the more rewards, true value capture.

I did the math: If you put 1 BTC in Bedrock’s uniBTC vault with an 8.5% strategy enhancement yield, that’s 0.085 BTC in a year. At today’s price of $62,000, that’s a passive income of $5,270 in a year, without gambling on price swings, without staring at charts, and without worrying about exchanges going belly up.

JuCoin users are crying every day in the rights protection group, while I open my wallet and see my earnings drop in, it’s a completely different mood.

The market will teach a lesson to everyone who misplaced their trust. On-chain transparent protocols are the answer for this era.

@Bedrock $BR #Bedrock #JuCoin #比特币收益 #链上安全