CoinUp: Zhu Pan is not a member of our platform. He is a project owner of a certain project launched on the CoinUp platform.

Foresight News reports that CoinUp addressed discussions regarding "CPX price fluctuations and the identity of related personnel" on Twitter, stating that Zhu Pan is not a member of the CoinUp team and is not involved in CoinUp's core business management. Zhu Pan is, instead, associated with one of the projects launched on the CoinUp platform. In addition, the recent short-term, large fluctuations in the CPX/USDT trading pair were mainly due to concentrated sell pressure from the market side. The platform is further investigating and verifying the specific causes. CoinUp has not suffered a hacker attack, data breach, or exploitation of system vulnerabilities; its wallet system, account system, and asset custody all remain safe and under control.