ZachXBT Warns of JuCoin Withdrawal Delays and Reserve Transparency Questions
On June 7, 2026, on-chain researcher ZachXBT flagged JuCoin after multiple users reported withdrawal delays and other withdrawal-related problems over the past week. The reports also raised questions about JuCoin’s reserve transparency and how the exchange supports its claims [1] [2].
Several accounts of ZachXBT’s comments say JuCoin’s claimed $511 million in reserves is questioned, with allegations that much of it consists of USDC and USDT issued on JuChain without clear external backing. Additional context cited in the coverage includes earlier JuDAO incidents, including a reported $20 million incident in 2025 and a $225,000 exploit in April 2026, while JuCoin attributed the withdrawal delays to platform upgrades and restructuring [3] [4].
Anonymous signal used only for weekly cluster rankings. No public counters.
Share
Broadcast this coverage
Copy-ready links for the networks your audience checks first.
Support independent reporting
If this summary helped, a small tip helps keep ClusterWire running.
Privacy note: we log tip UI events (page + action, and article slug when applicable) to improve the feature. We don’t store IP address, user-agent, or wallet addresses in analytics. Tips are on-chain, so the sending address is public in the transaction.
Citations
Follow the primary reporting behind this analysis. Click a citation to open the referenced source in a new tab.
- 1ZachXBT flags JuCoin reserves as users report withdrawal delayscrypto.news• Jun 7, 2026
- 2ZachXBT Issued a Warning About a Cryptocurrency Exchange: “It Has Started Acting Suspiciously”Bitcoin Sistemi• Jun 7, 2026
- 3ZachXBT Flags JuCoin Over Withdrawal Issues and Reserve ConcernsZachXBT said multiple users have rep...Wu Blockchain• Jun 7, 2026
- 4ZachXBT Raises Alarm Over JuCoin Withdrawal Problems and Reserve DoubtsBlockonomi• Jun 7, 2026
Themes
Themes driving this story
Curated from the cluster of sources powering this article.