ZachXBT identifies red flags in JuCoin's $511M reserve claim, flagging self-issued stablecoins and potential insolvency risks.
Security & Exploits ·
ZachXBT has flagged potential issues with JuCoin's reported $511M in reserves, noting that the holdings include USDT and USDC issued by JuChain itself rather than established stablecoin issuers, and pointing to withdrawal complications as a concern. The composition of reserves with self-issued tokens raises questions about the validity of JuCoin's reserve claims.