LBank is entrusted by a third-party platform to manage and withdraw coins on behalf of the user's assets. All data about the user's assets is provided by the third-party platform. Since LBank cannot verify the correctness of the data, if there are any omissions or deviations in the user's assets, please contact the third-party platform yourself, LBank can only and will only rely on the third-party platform data.
This business is realized through electronic communication technology and internet blockchain decentralization technology. The relevant services and software and hardware services are provided by different suppliers, there may be quality and stability risks; LBank trading platform and cannot control the strength of the telecommunication signal, nor can it guarantee the stability of the equipment configuration or connection of the trading client and the real-time nature of the Internet transmission and reception. Therefore, certain service interruptions or delays caused by the above-mentioned communication or network failures may have an impact on the Participant's value management. In addition, the Participant's computer system may be attacked by viruses or network hackers, which may prevent the correct or timely execution of the Participant's decisions. There is also a certain risk for the emergence of the above-mentioned uncertainties, which may have an impact on the value management of the Participant, and the Participant should fully understand and bear the full loss caused by them.
Due to changes in laws, regulations and policies of various countries, the introduction of emergency measures, the implementation of regulatory measures of relevant supervisory departments, and the modification of trading rules of the exchange, etc., all may have an impact on the participants, and the participants must bear the resulting losses.
3. Risk of force majeure
Any force majeure events beyond the control of the Exchange, including earthquakes, floods, fires, riots, strikes, wars, government regulations, international bans or restrictions, and other unpredictable and unpreventable force majeure events such as power outages, technical failures, electronic failures, etc., may have an impact on the Participant's trading.
I have carefully read this Risk Disclosure Statement and fully understand and agree to the above risk description and voluntarily assume the risk of trading and all losses that may arise in the course of trading.