LBank disputes trader’s $1M freeze claim amid criticism
5 Articles
5 Articles
LBank disputes trader’s $1M freeze claim amid criticism
LBank has rejected claims that it restricts profitable traders after a Korean user accused the exchange of freezing roughly $1 million in USDT and preventing him from closing futures positions that were later liquidated. LBank, responding in a Nov. 10…
LBank Reaffirms Fund Safety and Transparent Risk Review
SINGAPORE, Nov. 11, 2026 (GLOBE NEWSWIRE) -- LBank has issued a statement addressing recent allegations concerning account restrictions and withdrawal issues, reaffirming its commitment to fund safety and transparent risk reviews. The exchange clar...
Key Points of the News: A South Korean operator denounced the blocking of approximately USD 1,000,000 after recording profits in futures transactions. LBank publicly stated that it does not restrict accounts for generating profits and stated that the user is under a review process. Network researcher ZachXBT intervened in the public debate after the ... Read more
LBank claims that profits are not enough to restrict an account, but a trader claims that it has not withdrawn nearly $1 million in USDT for weeks and that it was also unable to close future positions before they were settled. The dispute adds allegations of lack of transparency, risk control arguments and a legal warning of exchange.
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