CoinW responds to fraud controversy: We will follow laws and regulations and anti-fraud statements and will hold those who maliciously spread false information accountable.

According to official news from the cryptocurrency exchange CoinW, in response to recent media reports of fraudulent activities stemming from its virtual asset management platform, CoinW has issued a statement emphasizing its commitment to protecting user rights and maintaining market order. It has also launched a special investigation and is in communication with relevant authorities. CoinW stated that it has "zero tolerance" for illegal activities and will handle any violations in accordance with the law and provide timely disclosure. CoinW is committed to continuously iterating its integrated compliance system, including KYC/AML/CFT systems, fund flow monitoring, and an anti-fraud team. Users are also reminded to be wary of counterfeit information and to report any suspicious activity through official channels. For suspected illegal activities, the platform will freeze the relevant accounts and cooperate with the investigation. Those who maliciously spread false information will be held accountable. CoinW will continue to publish updates on the progress of the investigation.