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JPM Coin Shows Zero Ethereum Supply, Sentora Finds
A contract review by Sentora has found that JPMorgan's JPM Coin recorded zero supply and zero transfers on Ethereum, days after the bank announced the deposit token had arrived on the network.
What the contract review found
According to a report by crypto.news, a review of the JPM Coin contract by Sentora showed no tokens in circulation on Ethereum and no transfers recorded on the network. The findings were reported by a single outlet and rest on that account of the review.
Timing against the announcement
The review came only days after JPMorgan publicly announced that its deposit token had arrived on Ethereum. The gap between the announcement and the on-chain figures is the central point of the report, though the facts do not explain why the two differ.
Open questions
- Does the zero supply reflect a deployment that has not yet been used, or a lack of issuance?
- Will JPMorgan or Sentora publish further data on the contract's activity?