CoinUp Founder Queenie Assures Platform Security and Denies Exit Scams

KuCoinFlash

Release Time: 06/25/2026 04:32:50

Summary

CoinUp founder Queenie Li addressed recent on-chain news and security breach rumors on June 25, confirming that all user assets remain secure and the platform is fully operational. She denied any hacking or data breaches, stating that the team is working around the clock. Queenie clarified that Mr. Zhu Pan is not involved in operations but represents a project. The platform plans to conduct third-party audits, asset disclosures, and founder due diligence. A live Q&A is scheduled for 20:00 UTC+8 on the same day.

BlockBeats news, on June 25, according to official announcements, in response to recent discussions on the market and social media regarding the platform, CoinUp founder Queenie Li published an article on X addressing a series of points.

Regarding platform security, the article emphasizes that CoinUp will never vanish. All assets on the platform are secure, deposit and withdrawal functions are operating normally, and the operations team is available 24/7. After a comprehensive review, CoinUp has not experienced any hacking incidents or data breaches.

Regarding Mr. Zhu Pan, the article again clarifies that he is not a market manipulator or member of CoinUp; his role is solely as the project team behind a project launched on CoinUp.

In conclusion, Queenie emphasized that the platform will advance third-party security audits, disclose asset reserve proofs, and strengthen investigations into the backgrounds of project founders.

According to official news from CoinUp, CoinUp founder Queenie will host an X Space on June 25 at 20:00 (UTC+8) to publicly address recent rumors of a rug pull, the platform’s operational status, user asset security, CPX volatility, and related personnel matters.

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