---
title: "FlashRescue Co-Founder Questions JuCoin’s Proof-of-Reserves Claims"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288920226.md"
description: "FlashRescue co-founder DarcyAri alleges JuCoin's proof-of-reserves is falsified, claiming it does not prove solvency for real third-party assets. While JuCoin reports $511M in reserves with a 123.81% ratio across six assets, DarcyAri asserts all are linked to a single address. He further states that the listed USDT and USDC are mintable ERC-20 tokens unrelated to actual Tether or Circle stablecoins."
datetime: "2026-06-06T04:04:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288920226.md)
  - [en](https://longbridge.com/en/news/288920226.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288920226.md)
---

# FlashRescue Co-Founder Questions JuCoin’s Proof-of-Reserves Claims

FlashRescue co-founder DarcyAri said on X that JuCoin’s official proof-of-reserves (PoR) contains falsified information and does not constitute proof of solvency for real third-party public-chain assets. According to PANews, JuCoin claims total reserves of $511 million with a 123.81% reserve ratio, covering six assets: USDT, BTC, ETH, USDC, BNB, and SOL. DarcyAri said CoinMarketCap links all six of these assets to the same JuChain address. He added that the “USDT” and “USDC” on JuChain are ERC-20 tokens deployed by the project team that can be minted at will, and have no cross-chain bridge relationship with real stablecoins issued by Tether or Circle.

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