Woofun AI reports that CoinUp has issued a formal clarification to counter misleading narratives circulating on social media, specifically addressing false allegations that the platform was 'running away' or experiencing withdrawal difficulties. The exchange asserts that its core infrastructure, including account management, wallet systems, and asset custody, remains secure and fully functional, with no disruptions to user deposits, withdrawals, or trading activities.

Furthermore, CoinUp explicitly distanced itself from an individual identified as Zhu Pan, stating that this person is not the platform operator and holds no authority over core operations, asset custody, or risk control decisions. This statement aims to correct the record regarding leadership structure and operational stability.