Today, the drama around the scam project JuCoin is all over the place. @DarcyAri exposed that JuCoin's asset reserves are fake, and it turns out the USDT they claim to hold is just their self-issued meme USDT. Honestly, what an eye-opener. Someone just mentioned that JuCoin released an announcement to prove their innocence. I went to check out this so-called announcement, and wow, there are quite a few highlights, including but not limited to: ▶️ The asset verification is done on the Juchain chain. I didn’t say it’s verified on a mainstream public chain, okay? You have to use the navigation bar we specify for verification ▶️ I’ve converted your assets into shares of my publicly listed company. This is for your own good. It’s an international practice to lock them up for 6 months, so don’t blame me—blame international practices. ▶️ The lock-up period will automatically release, but then there’s another clause saying everything will unlock after a year. So, most likely, even after the 6-month lock-up period ends, you still won’t be able to withdraw everything. ▶️ If the market value of the listed company reaches $20 billion, then you can withdraw your own money. To achieve this goal, you’ll need to spend more money buying my stocks, so I can milk you for another round. This is literally treating investors like fools . The money’s already in their pocket, and they’re letting you hear a little jingle as a courtesy. What, you still want to check if it’s real gold? I said a long time ago that this thing was shady, but a bunch of KOLs couldn’t resist the tiny profits and helped promote it, even joining their island trips. Is that kind of money really worth it? Wake up, people. Stay sharp, fellow industry folks.