South Korean trader accuses LBank of freezing over $1 million in funds, platform denies 'account restricted due to profits'

BlockBeats news, November 11: South Korean trader @solyfw publicly accused cryptocurrency exchange LBank of freezing approximately $1 million in funds on the X platform, leading to forced liquidation of their futures positions. The user claimed the issue stemmed from account restrictions after high-leverage futures profits, with the platform yet to provide a clear explanation. LBank responded by stating they do not restrict accounts solely due to profitability, that the account is under review, and that external legal counsel has been engaged to address 'false statements.'