Binance co-founder Yi He has warned Chinese-speaking users about an alleged impersonator using the name “Zhu Pan,” while CoinUp issued a statement distancing itself from the individual. The developments underscore persistent identity-fraud risks across the crypto industry.
Yi He issues warning in Chinese-language posts
In recent Chinese-language posts, Yi He alerted the community to an individual referred to as “Zhu Pan,” describing the person as an alleged impersonator. She cautioned users to remain vigilant and to verify identities through official channels before engaging with any outreach or offers.
CoinUp states no affiliation
CoinUp said it has no connection to the individual known as “Zhu Pan,” seeking to distance the organization from any communications or claims associated with the name. The company encouraged users to rely on its verified accounts for announcements and contact information.
Impersonation remains a recurring risk
Impersonation schemes are a recurring challenge in crypto, where fraudsters often mimic executives, brands, or service providers to solicit funds or sensitive information. Community members are advised to confirm identities via official websites and verified social channels, and to treat unsolicited messages or offers with caution.