Announcement on the Abnormal Price Fluctuation of CPX

Dear CoinUp Users,

We have noticed that the CPX/USDT trading pair recently experienced significant short-term price fluctuations. During certain periods, concentrated selling activity led to a sharp decline in price.

After investigation, the platform would like to solemnly clarify the following:

I. The platform’s system remains secure and has not been subject to any form of attack.

Following a comprehensive security review, CoinUp has confirmed that the platform has not suffered any hacker attack, data breach, or exploitation of system vulnerabilities. Our wallet system, account infrastructure, and asset custody services remain secure and fully under control. This price fluctuation was caused by market trading activity and is unrelated to platform security. Users may rest assured.
 

II. This fluctuation was primarily driven by concentrated selling pressure on the market side. The specific cause is still under further investigation and verification by the platform, and we will keep users updated in a timely manner as the review progresses.

III. All platform functions are operating normally. Deposits, withdrawals, trading, and all other services remain unaffected. User assets are secure, account data is intact, and no user asset losses have occurred as a result of this incident.

IV. CoinUp always places the security of user assets as its top priority. The platform’s risk control system has been operating normally throughout, and all relevant trading data is open and traceable.

We advise users to remain rational in the face of market volatility, exercise proper risk control, and refer only to information released through CoinUp’s official channels. Please stay alert to false or misleading rumors.

Once the investigation is concluded, we will disclose the results at the earliest opportunity. Thank you for your understanding and support.

⚠️ Risk Reminder

Digital assets are innovative investment products with high price volatility. Please participate prudently based on your own risk tolerance.

CoinUp reserves the final right of interpretation for this event.

Thank you for your continued support and trust in CoinUp!

CoinUp Team
2026.6.23