TechFlow News, June 23: According to an official announcement by CoinUp, in response to recent market discussions concerning CoinUp and CPX, CoinUp stated that Zhu Pan is neither the operator nor involved in the core operations of the CoinUp platform; he is merely the project team behind a project listed on the CoinUp platform.
CoinUp also expressed gratitude to users, the community, and media for their attention to and oversight of CPX. Regarding the recent short-term sharp price fluctuations observed in the CPX/USDT trading pair, the platform previously issued a notice stating that this volatility was primarily driven by concentrated sell pressure from the market side. The specific cause is still under further investigation and verification, and updates will be provided promptly as the investigation progresses.
CoinUp emphasized that, following a comprehensive security audit, the platform has not suffered any hacker attacks, data breaches, or exploitation of system vulnerabilities. Its wallet system, account infrastructure, and asset custody mechanisms remain secure and fully controllable. Platform functions—including deposits, withdrawals, and trading—are operating normally. User assets are secure, account data is intact, and no user asset losses have occurred.
CoinUp stated that it will continue enhancing its risk control and monitoring mechanisms to safeguard orderly market trading, and advises users to rely solely on official channel information, maintain rational perspectives on market fluctuations, and carefully manage trading risks.
