Overview
- Binance co‑founder Yi He publicly identified an individual known as Zhu Pan and accused that person of impersonating her and attempting to impersonate Tron founder Justin Sun, a claim Sun publicly affirmed.
- CoinUp issued a formal denial that Zhu Pan is part of its core team, calling him a “project party” tied to the CPX token rather than a platform operator.
- The exchange said it is probing unusual trading in the CPX/USDT pair and reported no evidence of a hack or security breach so far.
- On‑chain reporting showed CPX hit an all‑time high above $0.829 before heavy selling pressure, which CoinUp said prompted its inquiry into concentrated price moves.
- Public records linking Zhu Pan to a disputed 2018 ICO exist but remain unverified, leaving identity and legal responsibility unclear and highlighting persistent impersonation risks for investors and platforms.