coin-img-ETHETH+1.85%coin-img-BTCBTC+0.70%coin-img-SOLSOL+5.31%coin-img-CTMCTM+35.92%coin-img-XRPXRP+2.55%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-0.34%coin-img-HYPEHYPE+2.04%coin-img-ETHETH+1.85%coin-img-BTCBTC+0.70%coin-img-SOLSOL+5.31%coin-img-CTMCTM+35.92%coin-img-XRPXRP+2.55%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-0.34%coin-img-HYPEHYPE+2.04%coin-img-ETHETH+1.85%coin-img-BTCBTC+0.70%coin-img-SOLSOL+5.31%coin-img-CTMCTM+35.92%coin-img-XRPXRP+2.55%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-0.34%coin-img-HYPEHYPE+2.04%coin-img-ETHETH+1.85%coin-img-BTCBTC+0.70%coin-img-SOLSOL+5.31%coin-img-CTMCTM+35.92%coin-img-XRPXRP+2.55%coin-img-USDCUSDC+0.00%coin-img-TRXTRX-0.34%coin-img-HYPEHYPE+2.04%

JuCoin Proof of Reserves Challenged as "Fraudulent"; "USDT" and "USDC" Allegedly Project-Issued Tokens

PANews, June 6 — FlashRescue co-founder @DarcyAri said on X that JuCoin's published Proof of Reserves (PoR) is misleading and fails to provide verifiable evidence of solvency backed by real third-party on-chain assets. JuCoin reports $511 million in total reserves and a 123.81% reserve ratio across six assets: USDT, BTC, ETH, USDC, BNB, and SOL. According to the post, CoinMarketCap listings for all six assets trace to the same JuChain address. The "USDT" and "USDC" on JuChain are described as ERC-20 tokens deployed by the project team that can be minted at will and are not connected via any cross-chain bridge to the official stablecoins issued by Tether, Circle, or other recognized providers.
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