Odaily Planet Daily reported on September 17th that Ju.com issued a statement regarding the anomaly of the 5M community project, announcing the launch of the industry-first JuTrust on-chain insurance mechanism to provide compensation to affected users. The mechanism operates at a 30% insured ratio: users with minor losses will receive compensation in JU computing power, while users with more severe losses will receive a double compensation of JU computing power and JU tokens. The first batch of compensation is expected to be issued within three business days.
Ju.com CEO Sammi Li stated, "5M is an independent third-party project, but Ju.com always puts users first. Even if risks arise from external sources, we will safeguard user rights through risk control and insurance mechanisms. Trading, custody, deposits, and withdrawals on the main platform are all operating normally, ensuring user funds are secure. All platform functions are running stably, and withdrawal channels remain normal. To date, the platform has reviewed and processed over 12,000 withdrawals, and all operations are proceeding in an orderly manner."
At the same time, Ju.com responded to the fluctuation of the platform currency and said: Affected by the market environment and liquidity, the short-term price fluctuations of the JU platform currency are normal market phenomena and will not affect the platform operation and user funds security.
Ju.com said it will further improve the entry standards for third-party projects, expand JuTrust insurance coverage, and provide users with long-term and stable protection through risk education and transparent operations.
