TechFlow News, June 24: CoinUp stated that recently, Yi He, co-founder of Binance, posted a tweet on X regarding personal controversies involving Zhu Pan, drawing market attention to CoinUp. In response, CoinUp has repeatedly clarified that Zhu Pan is not a member of the CoinUp platform but rather represents a project listed on CoinUp. CoinUp’s core business operations, risk control system, product and service offerings, and day-to-day management are fully handled by CoinUp’s independent team. Any interpretation directly linking Zhu Pan’s personal conduct to CoinUp as an entity is inaccurate.
CoinUp also noted that certain netizens and social media accounts have made inappropriate interpretations based on false information, severely damaging the platform’s reputation. Regarding unfounded claims such as “exit scam” or “fraud,” CoinUp firmly denies them, reserves the right to pursue legal liability against responsible parties, and urges all users and industry peers to base their understanding on factual evidence—refraining from spreading or believing rumors.
CoinUp emphasized that its deposit, withdrawal, and trading functions are operating normally; its wallet system, account infrastructure, and asset custody remain secure and stable; and user assets and data are fully intact. The recent short-term sharp volatility in CPX/USDT stems primarily from concentrated sell-side pressure in the market. CoinUp has initiated a comprehensive investigation and will continue to provide timely updates on related developments.
CoinUp stressed that since its inception, safeguarding user assets and ensuring compliant platform operations have always been its top priorities. The platform remains committed to transparency and accountability in its engagement with the market and users. No individual’s actions should be improperly associated with the platform itself. CoinUp sincerely thanks all users for their continued trust and support.
