DeFi· ★★· neutral·

JPYC EX sends refund instructions after deposit rule violations

  • —JPYC has been sending refund instructions since Sept. 17
  • —Violations include unscheduled deposits, wrong amounts and post-deposit cancellations
  • —Transactions still marked 'under review' are being handled case by case
  • —JPYC did not disclose when processing will be completed
Why it matters: The incident highlights operational risks for stablecoin issuers in handling deposits and user refunds.
Source: PANews
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