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Binance co-founder warns of impersonator linked to CoinUp amid token price volatility

Market News
23 Jun 2026
Crypto news
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Neutral
pluang ai news

Binance co-founder Yi He warned users about an impersonator named Zhu Pan, who allegedly tried to scam crypto figures including Tron founder Justin Sun. CoinUp denied any operational ties to Zhu Pan, clarifying he is only linked to a project listed on their platform, not its management. The warning follows scrutiny over CPX token price volatility, which CoinUp attributes to market selling pressure, with no evidence of hacking. This case highlights growing impersonation risks in crypto and the need for users to verify information through official channels.

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