Woofun AI reports that CoinUp has issued a formal clarification addressing recent market speculation and social media narratives suggesting 'exit scams' or withdrawal impediments. The exchange explicitly stated that these allegations are factually inaccurate and do not reflect the current operational reality.

CoinUp further disclosed that Zhupan, a figure central to online rumors, has no involvement in platform operations, core business logic, asset custody, or risk control decision-making processes. The firm emphasized that its account, wallet, and custody systems remain secure and controllable, with user deposits, withdrawals, and trading activities proceeding without disruption.