POPA ReconAn Insider's Account: I Worked at Three Exchanges That All Imploded?
An Insider's Account: I Worked at Three Exchanges That All Imploded? A former employee of WebSea, JuCoin and CoinUP told WuBlockchain that some small and mid-sized exchanges rely on rising platform-token prices, discounted token purchases, high-yield products, copy trading and agent networks to attract user funds and keep them within the platform. He said WebSea allowed employees to withdraw while ordinary users were unable to do so during a 2024 crisis; JuCoin targeted users in lower-tier markets through mining products and a complex multi-level agent system; and some CoinUP team leaders or…
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