CoinUp's clarification comes at the right time: the core team has no Zhu Pan, and the system hasn't been hacked, CPX dumping is purely market behavior. Waiting for a more detailed investigation result.

CryptoWorld News reports that CoinUp stated that Zhu Pan is not a member of the CoinUp platform and does not participate in the core management of CoinUp. His identity is that of the project team for a project launched on the CoinUp platform. The short-term sharp fluctuation of the CPX/USDT trading pair was caused by concentrated selling pressure from the market side. CoinUp is investigating and verifying the cause. CoinUp has not suffered a hacker attack, data intrusion, or system vulnerability exploitation. The wallet system, account system, and asset custody are in a secure and controllable state.