Question 1

Who is Zhu Pan and what is his connection to CoinUp?

Accepted Answer

CoinUp says Zhu Pan is not a team member but rather a project owner associated with one project launched on its platform. He has been accused by crypto commentators of previously running the ZJLT project, which raised funds in 2018 before its token went to zero.

Question 2

Did CoinUp suffer a hack or security breach?

Accepted Answer

No, according to CoinUp's official statement. The exchange said a security review confirmed no hacker attack, data breach, or system vulnerability, and that the CPX price drop resulted from concentrated market selling pressure.

Question 3

What did Binance co-founder He Yi say about the situation?

Accepted Answer

He Yi posted on X on June 23 that Zhu Pan had attempted to impersonate others to scam her and had also impersonated her to scam Justin Sun. She added that he used AI-generated content to impersonate prominent families and crypto exchange executives.

CoinUP

CoinUp threatens legal action as CPX token crashes amid fraud allegations tied to Zhu Pan

One sharp brief.
Every day.

CoinUP

CoinUp threatens legal action as CPX token crashes amid fraud allegations tied to Zhu Pan

One sharp brief.Every day.

One sharp brief.
Every day.