X user claims LBank froze futures profits and spot funds worth over $1M

An X user using the nickname "dlrrwad" claimed more than $1 million in funds was frozen without a clear explanation while using crypto exchange LBank. The user said substantial profits began to accumulate through high-leverage futures trades on Aug. 31, mainly involving major altcoins including XRP, DOGE, XLM, NEAR, FIL and SUI, and not low-liquidity memecoins. The user added withdrawals were halted without warning on Sept. 19 during an attempt to withdraw part of the funds. According to the post, LBank then requested additional verification and identity checks, and after the user cooperated with all procedures and later submitted one more round of supporting documents, the exchange notified the user on Oct. 14 that the funds had been frozen. The user also said all futures positions were forcibly liquidated during the latest downturn because of trading restrictions, while about 1 million USDT remaining in the spot account also remains frozen. The user advised others to reconsider using LBank until the issue is resolved.