Per Woofun AI, CoinUp has issued a formal clarification regarding recent controversies, explicitly stating that Zhu Pan is not affiliated with the platform's core team but rather represents a project party launching on its ecosystem. The exchange emphasized that its risk management protocols, product services, and daily operations are independently managed, rendering any attempts to link Zhu Pan's personal conduct to the platform factually incorrect.

Concurrently, CoinUp strongly refuted allegations of "exit scams" or "fraud", urging the community to rely on verified facts. The platform confirmed that all deposit, withdrawal, and trading functionalities are operating without interruption, ensuring the security of wallet systems and asset custody. Recent volatility in CPX/USDT pricing was attributed to concentrated selling pressure rather than systemic failure. A comprehensive investigation has been initiated, with further updates promised.