According to an official announcement from Odaily Planet Daily, on the afternoon of August 1, 2025, the JuCoin contract system experienced a short-term anomaly, resulting in a price spike in the ETHUSDT perpetual contract. During this period, approximately 2.87 million USDT was abnormally profited by users, while some users suffered abnormal losses of approximately 7.3 million USDT.

JuCoin announced on the same day that it would fully compensate for all losses incurred during the accident, and that profit funds would not be traced back or recovered. The total compensation amount is expected to be 10 million USDT, and the platform promised to complete all compensation before August 8.