CoinUp Clarifies Controversy Related to Tweet: Zhu Pan Not a Team Member, Platform Deposits and Withdrawals Operating Normally

BlockBeats News, June 24th. CoinUp stated that recently Binance co-founder He Yi posted a tweet on X platform regarding personal disputes involving Zhu Pan, triggering market attention to CoinUp. In response, CoinUp has clarified multiple times that Zhu Pan is not a member of the CoinUp platform but rather a project party of a project launched on CoinUp. CoinUp's core business, risk management system, product services, and daily operations are all independently managed by the CoinUp team. Any claims directly linking his personal behavior to the CoinUp platform are inaccurate interpretations.

CoinUp also stated that some netizens and social media accounts have made inappropriate interpretations based on false information, which has seriously damaged the platform's reputation. In response to unfounded allegations of "exit scams" and "fraud," CoinUp strongly denies them, reserves the right to pursue relevant responsibilities in accordance with the law, and urges users and industry colleagues to base their judgments on facts, avoid spreading rumors, and not believe in rumors.

CoinUp emphasized that the platform's current deposit, withdrawal, and trading functions are all operating normally. The wallet system, account infrastructure, and asset custody remain secure and stable, ensuring the integrity and safety of user assets and data. The recent sharp fluctuations in CPX/USDT prices are mainly due to concentrated selling pressure in the market. The platform has initiated a comprehensive investigation and will continue to provide updates on the progress.

CoinUp stated that since its establishment, it has always prioritized user asset security and compliant platform operations. The platform will continue to face the market and users with a transparent and responsible attitude. Any individual behavior should not be inappropriately associated with the platform itself. CoinUp thanks all users for their trust and support in the platform.