【Blood and Tears Alarm】Jubi AJE Crashes: 1.6 Billion Evaporated Overnight, 5M Protocol Turns Out to be a 'Harvesting Chain'!
🔍 Event Overview
1. Instant Evaporation
- At 3 AM on August 6, 2025, the AJE liquidity pool plummeted by 98.7% within 10 minutes, resulting in an evaporation of 1.6 billion yuan.
- Jubi only issued a notice stating 'trading parameter security risks' and immediately locked the assets of tens of thousands of users, completely closing the channels for rights protection.
2. Core of the Scam
- The so-called '5M Protocol' (claimed to be Blockchain 3.0) was exposed:
→ Mining power centralization index at 0.78 (normally should be <0.3), with the project party fully controlling the market.
→ Smart contracts hide recursive calling vulnerabilities, allowing unlimited withdrawals, with 47 million AJE transferred to a mixer for money laundering before the crash.
- Experts characterize it as: 'self-destructing funding scheme' — new funds cut off leads to crash.
3. Portraits of Victims
- Ms. Zhang from Beijing: 300,000 yuan of children's tuition gone;
- Mr. Wang from Hangzhou: 1.7 million yuan of retirement savings lost after mortgage on property;
- A couple of vegetable farmers from Hebei: 28 years of hard-earned savings wiped out.
* (More families are still being counted...)
4. Platform's Dark History
- Jubi has changed its name multiple times over the past ten years (formerly known as: Bitcoin Trading Network → Coin Egg Network → Baobi Network), with each rebranding just to 'harvest leeks' in new ways.
- In 2018, 'Baobi Network' shut down and absconded with hundreds of millions, and the same pattern is repeating in 2025.
💥 Latest Developments
- Hainan police have filed a case, and the Monetary Authority of Singapore has frozen related accounts;
- A 3.2GB evidence package from victims has been submitted to the Securities Regulatory Commission, and a multinational lawsuit has been initiated.
- Those who previously supported 'blockchain bigwigs' deleted their posts and fled overnight.
🚨 Leek Protection Guide
- Beware of the high hype of '3% daily interest': Jubi's 5M Protocol once boasted a 90% monthly interest, which is essentially a Ponzi scheme.
- Don't believe in 'technical myths': Central Bank's Di Gang warns: Blockchain ≠ omnipotent, detachment from the real economy = fleeting illusions.
- Run if the platform has a criminal record: A bad woman changing clothes is still a bad woman; don’t 'date' a funding scheme!
> 'Any financial innovation detached from the real economy will ultimately be an illusion.'
> The disappeared 1.6 billion is the most expensive tuition on the tombstone of blockchain — protecting your wallet is more important than opening it!
#BlockchainRiskWarning #JubiCrash #5MScam
(This post is based on public reports, feel free to share to alert those around you!) #wct
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