{"id":32783,"date":"2026-06-23T13:35:28","date_gmt":"2026-06-23T13:35:28","guid":{"rendered":"https:\/\/bitunikey.com\/news\/yi-he-warns-of-alleged-impersonation-scam-as-coinup-denies-zhu-pan-ties\/"},"modified":"2026-06-23T13:35:33","modified_gmt":"2026-06-23T13:35:33","slug":"yi-he-warns-of-alleged-impersonation-scam-as-coinup-denies-zhu-pan-ties","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/yi-he-warns-of-alleged-impersonation-scam-as-coinup-denies-zhu-pan-ties\/","title":{"rendered":"Yi He warns of alleged impersonation scam as CoinUp denies Zhu Pan ties"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Binance co-founder Yi He warned users about an alleged impersonator referred to as \u201cZhu Pan\u201d in Chinese-language posts on X.\u00a0<\/p>\n<div id=\"cn-block-summary-block_982b2013644f7ee9b3831402a78a620a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Yi He warned users about alleged impersonation as CoinUp denied operational ties to Zhu Pan.<\/li>\n<li>CoinUp said Zhu Pan was only linked to a listed project, not platform management work.<\/li>\n<li>CPX volatility drew scrutiny after Lookonchain reported highs above $0.829 before selling pressure arrived later.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>She said the person had tried to impersonate others to scam her and had also impersonated her in an attempt to scam Tron founder Justin Sun.<\/p>\n<p>\u201cAbsolutely true,\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/justinsuntron\/status\/2069330502050517394\" target=\"_blank\" rel=\"nofollow\">Justin Sun said<\/a>. His post appeared to support Yi He\u2019s account after she urged users to spread awareness and avoid falling for similar impersonation attempts.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: X<\/figcaption><\/figure>\n<p>The warning came after a widely shared Chinese-language post linked Zhu Pan to CoinUp. The post raised questions about whether the individual had any role in the crypto derivatives trading platform.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>CoinUp denies core platform role<\/strong><\/h2>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cZhu Pan is not a member of the CoinUp platform and does not participate in core operational management or related work for the CoinUp platform,\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/COINUPZH\/status\/2069273698713190857?s=20\" target=\"_blank\" rel=\"nofollow\">CoinUp said<\/a>.<\/p>\n<\/blockquote>\n<p>The company issued the statement after the allegations spread across Chinese-language crypto circles. CoinUp said the claims created a wrong view of the platform\u2019s relationship with the individual.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"zh\" dir=\"ltr\">CoinUp \u5173\u4e8e\u8fd1\u671f\u4e0d\u5b9e\u4f20\u8a00\u53ca CPX \u4ef7\u683c\u6ce2\u52a8\u7684\u58f0\u660e<\/p>\n<p>\u5c0a\u656c\u7684 CoinUp \u7528\u6237\u53ca\u793e\u533a\u4f19\u4f34\uff1a<br \/>\u8fd1\u65e5\uff0c\u6211\u4eec\u5173\u6ce8\u5230\u90e8\u5206\u5a92\u4f53\u53ca\u793e\u7fa4\u56f4\u7ed5 CoinUp\u3001CPX \u4ef7\u683c\u6ce2\u52a8\u53ca\u76f8\u5173\u4eba\u5458\u8eab\u4efd\u53d1\u5e03\u4e86\u4e0d\u5b9e\u6216\u7247\u9762\u4fe1\u606f\u3002\u611f\u8c22\u5e7f\u5927\u7528\u6237\u3001\u793e\u533a\u53ca\u5a92\u4f53\u5bf9 CoinUp \u53ca CPX \u7684\u5173\u6ce8\u4e0e\u76d1\u7763\u3002\u9488\u5bf9\u76f8\u5173\u60c5\u51b5\uff0cCoinUp \u73b0\u4f5c\u51fa\u5982\u4e0b\u8bf4\u660e\uff1a\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/uGvaOzVg8C\">pic.twitter.com\/uGvaOzVg8C<\/a><\/p>\n<p>\u2014 CoinUp.io \u534e\u8bed (@COINUPZH) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/COINUPZH\/status\/2069273698713190857?ref_src=twsrc%5Etfw\">June 23, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAssociating his personal actions, past project experiences, or market rumors directly with the CoinUp platform entity constitutes an inaccurate interpretation,\u201d CoinUp added.<\/p>\n<\/blockquote>\n<p>The exchange said Zhu Pan was linked to a project listed on its platform, but not to core CoinUp operations. The company did not say that it had removed the listed project or taken action against the individual.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Past project claims add to dispute<\/strong><\/h2>\n<p>Public information about Zhu Pan remains limited and disputed. Chinese outlet <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.pencilnews.cn\/p\/20529.html\" target=\"_blank\" rel=\"nofollow\">Pencil News<\/a> previously linked a person identified as Zhu Pan to the 2018 ZJLT initial coin offering project, which later drew investor complaints and fraud accusations.<\/p>\n<p>The same report said Zhu Pan denied being a founder or operator of the project. That leaves the earlier claims unresolved and makes the current dispute harder to assess without court filings, platform records or verified law enforcement statements.<\/p>\n<p>The case shows how old project claims can return when high-profile crypto figures raise new warnings. In this case, Yi He\u2019s post, Sun\u2019s response and CoinUp\u2019s denial turned a Chinese-language dispute into a wider exchange reputation issue.<\/p>\n<h2 class=\"wp-block-heading\"><strong>CPX volatility draws more scrutiny<\/strong><\/h2>\n<p>CoinUp also addressed price swings in CPX, its native utility and ecosystem token. On-chain tracker <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.lookonchain.com\/feeds\/61274\" target=\"_blank\" rel=\"nofollow\">Lookonchain<\/a> reported that CPX reached a new all-time high above $0.829 last Friday.<\/p>\n<p>The platform said later volatility came from concentrated market selling pressure. CoinUp said it was investigating the cause of the price swings and had found no evidence of hacking, data breaches or system weaknesses.<\/p>\n<p>The dispute comes as crypto firms face rising impersonation risks. As previously reported by crypto.news, a Canadian man pleaded guilty in a $13 million crypto fraud case that relied on impersonation and social engineering.<\/p>\n<p>Separately, a crypto.news guide warned that fake exchanges, copied branding and pressure to move chats to Telegram or WhatsApp remain common red flags. The CoinUp case now adds another reminder that users should verify claims through official channels before trusting private messages, referrals or market rumors.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance co-founder Yi He warned users about an alleged impersonator referred to as \u201cZhu Pan\u201d in Chinese-language posts on X.\u00a0 Summary Yi He warned users about alleged impersonation as CoinUp&hellip;<\/p>\n","protected":false},"author":1,"featured_media":32784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=32783"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32783\/revisions"}],"predecessor-version":[{"id":32785,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32783\/revisions\/32785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/32784"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=32783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=32783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=32783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}