Binance co-founder Yi He has issued a warning about a scam involving an individual impersonating someone under the name 'Zhu Pan', according to CoinTelegraph. The alleged impersonator is reportedly attempting to deceive others by misrepresenting their identity.
In response, CoinUp has publicly denied any association with the individual named 'Zhu Pan', distancing the company from the ongoing impersonation allegations, CoinTelegraph reported.
As Japan continues to strengthen its regulatory framework around cryptocurrency and digital asset security, awareness of such impersonation scams is especially crucial for investors and traders in the region.