ChainCatcher Message, Recently, some media reported that individual cases of fraud in certain regions were linked to the CoinW platform, raising market concerns.

CoinW officially released a statement today to clarify the relevant facts: the individual cases mentioned in the report are unrelated to CoinW's global compliance operations; the company's management and the platform have not engaged in any illegal activities; CoinW has always prioritized compliance and risk control, and the platform has established a complete system for KYC, AML, and risk monitoring; the company has initiated a special investigation and will timely disclose the progress of the investigation to the public.

CoinW stated that it will continue to strengthen the construction of its compliance system, actively cooperate with regulatory and anti-fraud actions, and protect user rights and market order.