Dear CoinUp Users:
We have noticed that the CPX/USDT trading pair has recently experienced significant short-term price fluctuations, with concentrated selling pressure at certain times leading to sharp price drops.
After investigation, the platform hereby solemnly clarifies the following:
1. The platform system is secure and has not suffered any form of attack.
A comprehensive security check has confirmed that the CoinUp platform has not been subjected to any hacker attacks, data intrusions, or exploitation of system vulnerabilities. The wallet system, account system, and asset custody are all in a secure and controllable state. This price fluctuation is due to market-side trading activity and is unrelated to platform security. Please rest assured.
2. This fluctuation was primarily caused by concentrated selling pressure in the market. The specific reasons are currently under further investigation and verification. We will update users in a timely manner based on the progress of the investigation.
3. All platform functions are operating normally. Deposits, withdrawals, trading, and other services are unaffected. User assets are safe, account data is intact, and no user assets have been lost.
4. CoinUp always prioritizes user asset security. The platform's risk control system operates normally throughout the entire process, and relevant transaction data is publicly available and verifiable.
We advise users to view market fluctuations rationally, pay attention to risk management, and rely on information released through official platform channels to avoid being misled by rumors.
We will release the investigation results as soon as they are available. Thank you for your understanding and support.
⚠️ Risk Warning
Digital assets are innovative investment products and may experience significant price volatility. Please participate prudently based on your own risk tolerance.
CoinUp reserves the final right of interpretation for this event and its rules.
Thank you for your continued support and trust in CoinUp!
CoinUp Team
June 23, 2026
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