LBank will publish the auditable merkle tree & proof of reserves (POR)

Dear LBank Users,

Due to the recent serious events caused by asset non-transparency in related exchanges, there has been widespread concern about the development of the industry and specifically about the protection of users’ assets. LBank has always taken the safety of users’ assets as the first priority.

We believe that it is crucial for tier-one cryptocurrency exchanges to publicly share their auditable Merkle tree proof of reserves or POR. To this end, we plan to publish a publicly auditable Merkle tree to our users, disclosing the asset proof of reserves. This is an important step in building fundamental trust in the industry, and at the same time, it is also an important means to ensure the transparency of user assets.

LBank Team

LBank Community

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If you have problems, please contact LBank official email: service@lbank.com, and we will provide sincere, friendly and immediate service. We also welcome you to join LBank official English community to discuss the latest issue (Telegram): https://t.me/LBank_en.

Risk Warning: Investing in digital assets is extremely risky. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and LBank is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. This material shall not be construed as financial advice in any case. LBank reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reason without prior notice.