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Binance co-founder He Yi stated that CoinUp trader Zhu Pan once impersonated others in an attempt to defraud him, and once impersonated He Yizhong to commit fraud against Justin Sun. CoinUp has been accused of running away, with platform coin CPX plummeting by about 77% recently, from $0.9 to $0.1, and facing issues such as backend data breaches, user KYC information leakage, and internal employee information leakage.