ZachXBT Raises Concerns Over JuCoin Withdrawals and Reported Reserves

Published by

Nidhi Kolhapur

June 7, 2026

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Crypto investigator ZachXBT said multiple users have reported withdrawal issues on JuCoin over the past week, raising concerns about the exchange’s operations. He also questioned JuCoin’s claimed $511 million in reserves, alleging that most are made up of USDC and USDT issued on its own JuChain without transparent backing. ZachXBT further highlighted a $20 million JuDAO incident in 2025 and a $225,000 exploit in April 2026. JuCoin said the withdrawal delays are linked to platform upgrades and corporate restructuring efforts.

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