LBank denies freezing Korean trader’s $1M USDT as ZachXBT weighs in
AI summary
LBank has rejected allegations from a Korean trader that it froze roughly $1 million in USDT and blocked him from closing futures positions that were later liquidated. The exchange responded on Nov. 10, denying it targets profitable traders, while on-chain investigator ZachXBT weighed in on the dispute. The case matters to traders because it raises counterparty and withdrawal-risk questions about centralized exchanges, though it is a single-user dispute rather than a systemic event.
