On June 23, 2026, Yi He, co-founder of Binance, alerted the public to an alleged impersonation scam involving a person referred to as 'Zhu Pan' in Chinese-language communications.
The warning comes amid growing concerns about scams in the cryptocurrency space, where impersonation can lead to significant financial losses for unsuspecting individuals.
In response to the situation, CoinUp has publicly distanced itself from Zhu Pan, emphasizing that it has no ties to the alleged impersonator.