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Key Takeaways
- JuCoin’s $511 million reserves consist largely of self-issued stablecoins, raising liquidity concerns.
- The platform has rebranded at least three times since launch.
- DPRK-linked funds moved through Ju during its Bybit support claim.
- Ownership remains opaque with no high-quality jurisdiction registration.
According to a warning posted by independent blockchain investigator ZachXBT in his Telegram Channel, multiple users of JuCoin, an East Asian centralized exchange, have reported withdrawal issues over the past week. The alert serves as a community warning ahead of Token 2049, where JuCoin has previously appeared as a sponsor.
ZachXBT noted this is not his first warning about the platform. “In March, I first published a warning for Ju when they were listed as a Platinum sponsor for Token 2049 after I observed numerous red flags,” he wrote.
JuCoin publicly attributed the withdrawal delays to platform upgrades and restructuring but has not provided a timeline for resolution.
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