In response to recent market discussions and rumors regarding the CoinUp platform and its token CPX, CoinUp has issued an official statement to clarify key issues and address public concerns.
The statement explicitly states that Zhu Pan is not the operator of the CoinUp platform and does not participate in the platform's core management decisions. Zhu Pan's actual role is merely a project party for a project listed on the CoinUp platform. The clarification aims to dispel misunderstandings about the platform's actual controller and warn users against unverified information.
Regarding the short-term sharp price fluctuation in the CPX/USDT trading pair, CoinUp had previously announced that the volatility was primarily caused by concentrated selling pressure on the market side. The specific reasons are still under further investigation and verification. The platform thanked users, the community, and media for their attention and oversight of CPX, and promised to update the public promptly as the investigation progresses.
In terms of system security, CoinUp emphasized that after a comprehensive security review, no hacking attacks, data intrusions, or system vulnerability exploits were found. The wallet system, account system, and asset custody are all in a secure and controllable state. All functions such as deposits, withdrawals, and trading are operating normally. User assets are safe, account data is intact, and no user asset losses have occurred.
CoinUp stated that it will continue to improve its risk control monitoring mechanisms to maintain normal market trading order. The platform advises users to rely solely on official channels for accurate information, view short-term market fluctuations rationally, and manage trading risks. CoinUp reaffirmed its commitment to transparency and will provide timely updates on the investigation progress.