CoinUp Response to Recent Market Rumors: Zhupan Not the Platform Operator, CPX Volatility Mainly Due to Market-side Sell Pressure

BlockBeats News, June 23rd. According to official news from CoinUp, in response to recent discussions in the market regarding CoinUp and CPX, CoinUp stated that Zhupan is not the operator of the CoinUp platform nor is he involved in core platform operations. His identity is only that of a project party for a project launched on the CoinUp platform.

CoinUp also stated its appreciation for the attention and supervision of CPX by users, the community, and the media. Regarding the recent sharp price fluctuations in the CPX/USDT trading pair, the platform had previously announced that this fluctuation was mainly due to concentrated selling pressure from the market. The specific reasons are currently being further investigated and verified, and any progress of the investigation will be promptly communicated.

CoinUp emphasized that through a comprehensive security check, the platform has not experienced any hacking attacks, data breaches, or system vulnerabilities exploitation. The wallet system, account system, and asset custody are all in a secure and controllable state. Functions such as deposits, withdrawals, and trading on the platform are operating normally. User assets are secure, account data is intact, and no asset loss has occurred.

CoinUp stated that it will continue to improve its risk control and monitoring mechanisms to maintain market trading order. It advised users to rely on official channels for information, to view market fluctuations rationally, and to be cautious in controlling trading risks.