JuCoin Exchange Scam | Has JuCoin Become a Ponzi Scam?

1. Summary of Evaluation Conclusions

JuCoin Exchange is currently embroiled in a public outcry over the collapse of its funding pool, the loss of investor funds, and its use as a pyramid scheme . Based on public information and user feedback, the platform is highly suspected of being a scam and investors should stay away immediately.

2. Platform Background Review

• Complex predecessor : JuBi has changed its name and restarted many times. Its predecessors include Bitcoin Exchange, Baobi.com, and BiDan, all of which have been accused of launching unrealized coins, manipulating transaction depth, and even running away.

• The latest packaging : After 2023, it will return under the name of "JuCoin Butterfly Ecosystem", calling itself DeFi 3.0, with a flagship public chain, cross-border payment, and risk control system.

However, upon verification, the so-called public chain showed no signs of mainnet operation and was more of an open source template for shell companies.

3. Evidence from Thunderbolt Incidents

• AJE token fund pool plummeted : In the early morning of August 6, 2025, the AJE fund pool fell by as much as 98.7% in 10 minutes, and the market value evaporated by about 1.6 billion yuan .

• Number of victims : According to media statistics, more than 110,000 investors lost their funds overnight and were unable to withdraw cash.

• Typical victim statements : Many users publicly stated on social media that their accounts were frozen and customer service was out of touch, and official channels only issued vague reassurance announcements without any substantive resolution.

4. Analysis of Fraud Patterns

By comparing the characteristics of typical Ponzi schemes, JuBi's operation conforms to the logic of a Ponzi scheme:

1. High-yield promise : Claiming that “node staking” can generate high annualized returns.

2. Attracting new funds : Using rebate system and referral rewards to induce investors to continuously recruit new people to join the game.

3. Withdrawal restrictions : Withdrawal delays and account freezes frequently occurred before the crash.

4. Concept packaging : Disguised as "DeFi ecology and public chain technology", but lacking the transparency of open source code and technical white papers.

V. Compliance Investigation

• It claims to have obtained exemption from operating rights in Singapore , but no valid license has been disclosed by any authoritative financial regulatory agency.

• Third-party financial media generally believe that the so-called "compliance" is merely marketing propaganda and fails to provide real license registration.

• Conclusion : This platform has no effective supervision and is a high-risk "black exchange".

VI. Risk Rating (BrokerHiveX Standard)

Overall rating: 0.8/10 (high risk of scam)

VII. Media and Community Evaluation

• Sohu Finance : Directly pointing out that the Butterfly ecosystem is the "revival of an old-fashioned capital pool", and the technology depends entirely on packaging.

• Zhihu Column : Investors’ real accounts say “1.6 billion market value was wiped out, and tens of thousands of people lost all their money.”

• Cryptocurrency circle self-media : It is generally recommended to stay away from JuCoin to avoid becoming the "next batch of buyers."

8. Investor Precautions

1. Immediately stop any deposits and investments .

2. Save transaction receipts , including deposit and withdrawal records and chat screenshots.

3. Protect your rights with caution : those who have suffered large amounts of damage can jointly take legal action.

4. Give priority to regulated exchanges : such as Binance, OKX, Kraken, etc., which all have clear licenses and transparency.

IX. Conclusion

Jubi Exchange has been proven to be a scam , with Ponzi schemes collapsing, massive investor losses, and false compliance packaging . Its highly opaque operating model, lacking regulatory protection, is highly likely to lead to a complete collapse in the future.

Recommendation: Stay away from JuBi Exchange to avoid becoming the last buyer.