CoinW clarifies that the platform is not involved in fraud, and the content of the report is misleading

Comparing news, recently, there were media reports linking individual regional fraud cases to the CoinW platform, which attracted market attention.

CoinW officially issued a statement today to clarify relevant facts: the cases involved in the report were unrelated to CoinW's global compliance operations, and the company's management and platform did not participate in any illegal acts; CoinW always adheres to the priority of compliance and risk control, and the platform has established perfect KYC, AML, risk control and monitoring mechanisms; the company has initiated special inspections and will announce the investigation progress to the public in due course.

CoinW stated that it will continue to strengthen the compliance system, actively cooperate with supervision and anti-fraud actions, and protect users' rights and market order.