[South Korean Trader Accuses LBank of Freezing Over $1 Million; Platform Denies "Account Restriction Due to Profits"] BlockBeats reports that on November 11th, South Korean trader @solyfw publicly accused cryptocurrency exchange LBank on the X platform of freezing approximately $1 million in his funds, forcing the liquidation of his futures positions. The user stated that the problem stemmed from his account being restricted after making profits through high-leverage futures trading, and the platform has yet to provide a specific explanation. LBank responded that it does not restrict accounts based on user profits, that the relevant accounts are under investigation, and that it has hired external legal counsel to address the "false statements." @solyfw stated that starting August 31st, he made significant profits through high-leverage futures trading of major altcoins (including highly liquid mainstream assets such as XRP, DOGE, XLM, NEAR, FIL, and SUI). On September 19th, during a normal withdrawal attempt, his account was suddenly restricted, with the platform requiring additional identity verification, which he completed. On September 29, the platform further restricted the user's futures trading and requested more detailed information. On October 14, the platform finally responded that "the relevant abnormal funds will not be released." LBank officially responded that day, stating, "We will not restrict an account simply because someone is profiting. Trading and withdrawals are currently operating normally. We are directly communicating with the user regarding the account review and will share information as much as possible while protecting their privacy." The platform also stated that it has hired external legal counsel to take action against "false and misleading statements" and warned of potential legal action against related statements. [Original Link]