LBank Anti-Market Manipulation Policy

1. Purpose and Scope

LBank is committed to maintaining a fair, transparent, and efficient market environment for all participants. As part of this commitment, LBank has implemented this Anti-Market Manipulation Policy ("Policy") to comply with the regulatory requirements of the U.S. Securities and Exchange Commission ("SEC"), as well as other applicable laws and regulations, including the Securities Exchange Act of 1934 and related rules. This Policy applies to all users of LBank, including individuals, entities, and other market participants.

2. Prohibited Market Manipulation Activities

Market manipulation, in any form, is strictly prohibited on LBank. The following activities are considered market manipulation and are not permitted on LBank:

- Wash Trading: The practice of buying and selling the same cryptocurrency or digital asset without transferring actual risk or ownership, with the intention of creating the illusion of active trading. This includes engaging in transactions that do not result in a legitimate transfer of ownership or assets.

- Spoofing: Submitting fictitious buy or sell orders with no intention of executing them, in order to manipulate market prices, followed by retracting those orders before execution. Spoofing distorts market prices and creates false signals for other traders.

- Layering: Placing multiple buy or sell orders at different price levels with the intention of creating a misleading impression of market demand or supply. The goal of layering is to manipulate the price of a cryptocurrency or digital asset without actually intending to execute the orders.

- Pump and Dump: The act of spreading false or misleading information to artificially inflate the price of a cryptocurrency or digital asset, and then selling off those assets at the inflated price to profit, causing significant losses to other investors. This is prohibited in order to protect market integrity and prevent investor deception.

- Market Cornering: Attempting to control or manipulate the supply of a cryptocurrency or digital asset in order to artificially raise its price, by acquiring a significant portion of the available supply and creating a monopoly or dominant position in the market.

- Wash Sales: Engaging in transactions between different accounts (which may be under the control of the same person or entity) in order to create the appearance of active trading and inflate market volume, without any actual change in ownership or exposure to market risk.

- False Information Dissemination: Intentionally spreading false, misleading, or fraudulent information with the intent to influence the price of a cryptocurrency or digital asset, or to attract investors into making decisions based on false premises.

3. Monitoring and Detection

LBank employs a robust monitoring system to detect and identify potential market manipulation, including wash trading and other prohibited activities. Our surveillance system continuously monitors for suspicious trading patterns, such as:

- Circular transactions, where the same user or affiliated users are involved in both sides of a trade.

- Unusual trading volume or price fluctuations that suggest manipulation or deceptive trading practices.

- The creation of misleading market depth or price signals that distort genuine supply and demand.

4. Consequences of Violating the Policy

Any participant found to be involved in market manipulation or wash trading will face immediate and serious consequences, which may include:

- Suspension or termination of trading privileges on LBank.

- Reversal or nullification of trades involved in manipulative practices.

- Referral of the activity to relevant regulatory authorities, including the SEC, Commodity Futures Trading Commission (CFTC), or other law enforcement agencies for investigation and enforcement.

- Legal action, if warranted by the severity of the violation.

LBank reserves the right to take additional actions, as necessary to protect the integrity of the platform and ensure compliance with applicable laws and regulations.

5. User Responsibility

All market participants are responsible for ensuring that their trading activity complies with this Policy and all applicable laws, regulations, and LBank rules. Users are prohibited from engaging in any manipulative practices, including but not limited to wash trading, spoofing, layering, pump and dump schemes, and dissemination of false information.

Users are encouraged to report any suspicious activity or potential violations of this Policy to LBank. Reports will be treated confidentially and investigated promptly.

6. Continuous Improvement

LBank is committed to maintaining a secure, fair, and compliant trading environment. This Policy will be reviewed and updated regularly to align with evolving regulatory requirements and best practices in the industry. LBank reserves the right to amend this Policy at any time and will notify users of any significant changes.

7. Contact Information

For inquiries related to this Policy or to report suspicious activities, please contact us.