PANews reported on June 9th that @DarcyAri, co-founder of FlashRescue, posted on the X platform that Jucoin transferred funds out of the bank in 36 transactions, totaling 3,132,140.83 USDT, during the period when withdrawals were prohibited. The outgoing addresses were JuCoin reserve proof addresses starting with 0x0d14. The receiving addresses included: a Binance deposit address starting with 0x959f (approximately 1.88 million USDT), a high-frequency distribution address starting with 0xa9F4 (approximately 1.05 million USDT), and a Cobo address starting with 0x8C2E (200,000 USDT). The team is currently collecting more Jucoin wallet addresses to trace the funds.

Previously, on June 6, it was reported that JuCoin's proof of reserves was fake, and that "USDT" and "USDC" were actually tokens issued by the project team itself .