A South Korean trader identified as @solyfw34 has accused LBank of restricting withdrawals and trading after the trader profited from futures trades. The trader says the restrictions prevented some positions from being closed manually, leading to forced liquidation, and that about 1 million USDT remains inaccessible. According to the trader, LBank has not provided specific evidence of abnormal trading.
LBank disputed the suggestion that it restricts accounts solely because users make profits. In a November 10 response, the exchange said the account was suspected of violating internal rules, the trader’s original investment principal had been withdrawn, and the funds still restricted were linked to what it considers abnormal trading. LBank said it had retained a South Korean law firm and would take legal action over false or defamatory statements.
On-chain investigator ZachXBT criticized LBank as a low-quality offshore centralized exchange and questioned why several KOLs used highly similar language to defend it. That criticism does not establish whether the trader violated LBank’s rules or whether the restrictions were justified. The central evidence gap in the reported dispute is the specific basis for LBank’s abnormal-trading determination.
Original report: ChainCatcher, published November 11, 2026, at 08:35 UTC+8.