Woofun AI reports that Binance Co-CEO He Yi disclosed on X that Zhu Pan previously attempted to scam him by impersonating others and also impersonated He Yi to target Justin Sun. Justin Sun immediately endorsed these claims, urging the industry to collectively resist such fraudulent behavior.

Concurrently, CoinUp issued a statement clarifying that Zhu Pan is not the operator of the platform nor involved in core operations, serving only as a project party for a listing. Regarding recent CPX/USDT price fluctuations, CoinUp attributed the volatility to concentrated selling pressure while confirming that user assets remain secure and platform functions operate normally following comprehensive security checks.