CoinUp: Zhu Pan is not a platform member, CPX volatility caused by market selling pressure

CoinFeed, June 23 - CoinUp issued a statement regarding "CPX price fluctuations and false or one-sided information about related personnel identities," stating that Zhu Pan is not a platform member and does not participate in core operations and management; his role is that of a project party for a project listed on the CoinUp platform. Externally binding his personal actions directly to the CoinUp entity is an inaccurate interpretation. The recent sharp short-term fluctuations in the CPX/USDT trading pair were mainly due to concentrated selling pressure on the market side, and the platform is investigating and verifying the specific reasons. CoinUp has not suffered hacker attacks, data intrusions, or system vulnerability exploits; the wallet system, account system, and asset custody are secure and controllable; deposit, withdrawal, and trading functions are normal; and user assets are unaffected. CoinUp firmly opposes forcibly associating CoinUp with unverified personal rumors and even using qualitative expressions such as "run away" or "fraud."