CoinUp clarifies controversy related to He Yi's post: Zhu Pan is not a member of the platform, and deposits and withdrawals on the platform are operating normally.

CoinUp stated that recent tweets by Binance co-founder He Yi on X regarding personal disputes involving Zhu Pan have drawn market attention to the platform. In response, CoinUp has repeatedly clarified that Zhu Pan is not a member of CoinUp, but rather the project party of a project listed on the platform. CoinUp’s core business, risk control system, product services, and daily operations are fully managed by its independent team, and any claims directly linking his personal actions to the CoinUp platform are inaccurate interpretations. CoinUp also noted that improper interpretations made by some netizens and social media accounts based on false information have caused serious negative impacts on the platform’s reputation. In response to false allegations such as “runaway” and “fraud”, CoinUp firmly denies these claims, reserves the right to pursue relevant responsibilities in accordance with the law, and calls on all users and industry peers to base their actions on facts, refrain from spreading rumors, and not believe unsubstantiated claims. CoinUp emphasized that the platform’s current deposit, withdrawal, and trading functions are all operating normally. Its wallet system, account infrastructure, and asset custody are running safely and stably, with user assets and data remaining intact. The recent sharp short-term fluctuations in CPX/USDT are mainly due to concentrated selling pressure from the market side; the platform has launched a comprehensive investigation and will continue to update relevant progress. CoinUp stated that since its establishment, it has always prioritized user asset security and compliant platform operations. The platform will continue to engage with the market and users with a transparent and responsible attitude, noting that any individual actions should not be improperly linked to the platform itself. CoinUp also thanked all users for their continuous trust and support.