Svmuu News: CoinUp issued a statement addressing the topic of “CPX price volatility and the identities of relevant individuals,” stating that Zhu Pan is not a member of the CoinUp platform nor has he been involved in the platform’s core operational management; his role is solely that of the project team behind a project listed on the CoinUp platform.
Regarding the recent short-term, sharp volatility in the CPX/USDT trading pair, CoinUp stated that preliminary assessments indicate it was primarily caused by concentrated selling pressure in the market, and the platform is currently conducting further investigations to verify the specific cause.
CoinUp also emphasized that the platform has not suffered any hacking attacks, data breaches, or system vulnerabilities, and that its wallet system, account infrastructure, and asset custody services are currently secure and under control.