PANews, June 23 – CoinUp issued a statement regarding "untrue or one-sided information about CPX price fluctuations and the identities of related personnel," clarifying that Zhu Pan is not a member of the platform and does not participate in core operations or management. His role is that of a project party for a project listed on the CoinUp platform. Externally linking his personal actions directly to the CoinUp entity constitutes an inaccurate interpretation. The recent sharp short-term fluctuation in the CPX/USDT trading pair was primarily caused by concentrated selling pressure on the market side, and the platform is investigating and verifying the specific reasons. CoinUp has not suffered any hacker attacks, data intrusions, or system vulnerability exploits. The wallet system, account system, and asset custody remain secure and controllable. Deposit, withdrawal, and trading functions are operating normally, and user assets have not been affected. CoinUp firmly opposes any actions that forcibly associate the platform with unverified personal rumors or use definitive terms such as "rug pull" or "scam." The platform will continue to investigate the causes of the abnormal CPX fluctuations, strengthen ecological project information disclosure, improve risk control mechanisms, and safeguard user asset security.

Earlier news, He Yi stated that CoinUp operator Zhu Pan once impersonated others in an attempt to defraud her, and also impersonated her to defraud Sun Yuchen.