CoinUp responds to recent market rumors: Zhu Pan is not the platform operator, and CPX fluctuations are mainly due to concentrated selling pressure from the market side.

Deep Tide TechFlow News. On June 23, according to CoinUp’s official announcement, in response to recent market discussions regarding CoinUp and CPX, CoinUp stated that Zhu Pan is not the operator of the CoinUp platform, nor does he participate in the platform’s core operations. His role is only that of the project party for a project launched on a CoinUp platform.

CoinUp also stated that it thanks users, the community, and the 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 had previously issued an announcement saying that the volatility was mainly driven by concentrated sell pressure from the market side. The specific reasons are currently being further investigated and verified, and updates will be provided in a timely manner as the investigation progresses.

CoinUp emphasized that after the platform’s comprehensive security assessment, it has not suffered from hacker attacks, data breaches, or system vulnerability exploitation. The wallet system, account system, and asset custody are all in a secure and controllable state. The platform’s functions—including deposits, withdrawals, and trading—are operating normally. Users’ assets are secure, account data is complete, and there has been no loss of user assets.

CoinUp said it will continue to improve its risk-control monitoring mechanisms, maintain market trading order, and advises users to rely on information from official channels, view market fluctuations rationally, and pay attention to controlling trading risks.