Platform Security and Operational Status
Amid growing discussions on social media and market circles regarding CoinUp, founder Queenie Li took to X (formerly Twitter) to issue a comprehensive response. She firmly stated that CoinUp will not engage in a rug pull, emphasizing that all assets on the platform are safe, deposit and withdrawal functions remain fully operational, and the operations team is on duty 24/7. A thorough security check has confirmed that CoinUp has not suffered any hacker attacks or data breaches, alleviating user concerns about platform integrity.
Clarification on Zhu Pan's Role
Addressing repeated questions about Zhu Pan, Queenie Li once again clarified that Zhu Pan is not the person behind CoinUp's operations nor a member of the platform team. His only role is the founder of a project listed on CoinUp. This clarification is intended to dispel any confusion within the community about the platform's management structure, ensuring users understand the actual leadership team.
Upcoming Security Enhancements
To further boost transparency, Queenie Li announced that CoinUp will proceed with third-party security audits and publish proof of asset reserves. Additionally, the platform will strengthen background checks on project founders to mitigate risks at the source. These proactive measures aim to rebuild user trust and address lingering market skepticism.
Open Dialogue via X Space
According to official CoinUp news, Queenie Li will host an X Space on June 25, 2026, at 20:00 (UTC+8). The session will openly address rumors of a rug pull, the platform's operational status, user asset safety, CPX price volatility, and the relationships between various parties involved. This live discussion demonstrates the platform's commitment to transparency and provides a direct channel for user communication.