Compliance and Security, LBank's Nine-Year Breakthrough Journey

LBank has partnered with Elliptic, a global leader in cryptocurrency compliance solutions, taking an important step forward in compliance construction while further strengthening its security protection system in the global market.

Compliance and security are two sides of the same coin. As the industry enters a more mature development stage, how to ensure the safety of user assets while meeting increasingly stringent regulatory requirements worldwide is a must-answer question for industry builders.

Since its establishment in 2015, LBank has covered over 210 countries and regions, with more than 15 million registered users. The platform's daily trading volume for derivatives reaches $67 billion, supporting over 800 cryptocurrencies, with a daily spot trading volume of $2.7 billion. As a leading global cryptocurrency trading platform, LBank always places user asset security and compliance at the core of its business development. Recently, LBank has partnered with Elliptic, taking another significant step in compliance construction while further enhancing its security protection system in the global market.

LBank's Global Compliance Strategy

After nine years of hard work, LBank has accumulated significant advantages in multiple tracks. As the platform that "listed coins the earliest globally," LBank can complete the listing process within an hour after asset creation, providing users with the earliest opportunity to access new projects. In the meme coin sector, LBank has achieved "depth first," having listed over 240 mainstream meme coins, with more than 40 quality meme coins increasing by over 500%. The pre-market trading launched has brought users an average return of up to 70 times, and the pre-market compensation activity ensures user rights. LBank has built a reputation through wealth effects, accumulating over 15 million users.

However, in an era of tightening regulation, having advantages in technology, cognition, and trading experience is far from enough. Only by continuously embracing compliance can one maintain an advantage in the increasingly fierce market competition and ensure long-term development. To meet this challenge, LBank has officially taken action to comprehensively upgrade its compliance strategy.

On March 6, 2025, LBank established a strategic partnership with Elliptic, collaborating on compliance frameworks and security measures. By integrating Elliptic's Know Your Transaction (KYT) and Anti-Money Laundering (AML) solutions, LBank aims to create a safer and more transparent trading environment, providing higher levels of asset protection for over 15 million users worldwide.

In fact, prior to its collaboration with Elliptic, LBank had already obtained regulatory licenses in multiple jurisdictions worldwide. The platform holds several licenses, including VASP registration in Italy, MSB in Canada, and DCEP certification in Australia. Notably, in the third quarter of 2024, LBank successfully obtained a Money Transmission License (MTL) in Alabama and approvals in several other states, allowing it to operate legally as a licensed trading platform in the U.S. market.

Tracing back to 2023, LBank became a member of the CODE VASP alliance in South Korea. The CODE VASP alliance was jointly established by South Korea's three major cryptocurrency trading platforms: Bithumb, Coinone, and Korbit, adopting the CODE travel rule solution recommended by the Financial Action Task Force (FATF). By joining this alliance, LBank established a fund access channel with major South Korean trading platforms such as Bithumb, Korbit, and Coinone. On August 22, 2023, Bithumb officially opened a whitelist with LBank, allowing South Korean users to transfer funds between the two platforms.

In the current context of increasingly clear global regulatory policies, by actively adapting to the regulatory requirements of different regions, LBank has not only reduced compliance risks but also provided users with a safer and more reliable trading environment.

Technology as a Shield, Funds as a Safeguard: From $1.2 Billion Risk Control Defense to $100 Million Active Protection

While strengthening its compliance layout, LBank is equally committed to building its security system. Data shows that by 2024, LBank has successfully prevented potential security threats valued at up to $1.2 billion, with 45% (approximately $540 million) coming from suspicious withdrawal activities.

In this regard, LBank's intelligently constructed risk control system has played a key role over the years. Unlike traditional passive defense models, LBank's intelligent risk control system, based on artificial intelligence and machine learning technology, achieves real-time monitoring and behavior analysis around the clock. Once abnormal trading patterns or suspicious behaviors are detected, the system immediately triggers a multi-level security protection mechanism.

A typical case involved LBank's risk control system successfully identifying a suspicious withdrawal request worth $3.2 million. After the system triggered an alarm, the professional risk control team immediately initiated an emergency response procedure, completing the account freeze operation in just two minutes, effectively preventing potential large-scale asset losses. This "human-machine collaboration" security defense model provides LBank users with near "impenetrable" protection for their assets.

LBank's commitment to user asset security goes beyond passive defense; it is also reflected in its proactive and innovative risk control mechanisms.

On March 12, 2025, LBank launched a $100 million "Contract Risk Protection Fund," setting a new industry benchmark for trader safety and market fairness. This initiative aims to effectively mitigate the impact of abnormal market fluctuations, ensuring that users can trade in a confident environment. The $100 million contract risk protection fund is one of the most comprehensive protective measures, turning market volatility into opportunities. Additionally, using USDT for seamless settlement eliminates complexity, ensuring a fair, fast, and transparent risk management experience.

This innovative mechanism perfectly complements LBank's existing intelligent risk control system, creating a comprehensive security closed loop from prevention to compensation, providing dual protection for user asset security.

Pole Vaulting Forward: High-Level Development of Trust and Responsibility

Based on a solid foundation of compliance and security, LBank has achieved a pole vaulting leap. In the CoinGecko spot ranking, LBank ranks among the top 12 globally, and in the CoinMarketCap derivatives ranking, it ranks in the top 8. As a leading global cryptocurrency trading platform, LBank has unique insights into the development trajectory of the industry and has locked in the meme sector, which has unlimited growth potential, well ahead of the market. It is this high level of cognitive advantage that drives the platform's leapfrog growth. In 2024, LBank listed a total of 853 assets, including 371 meme assets, accounting for 43%, with the average return rate of the top 30 performing meme coins in 2024 reaching 6,500%, creating significant wealth appreciation space for users.

LBank not only focuses on creating direct wealth effects for users but also emphasizes the healthy construction and long-term sustainable development of the entire industry ecosystem. In the highly publicized Slerf incident, LBank was the first donor and also took on the responsibility of managing the donation address, fully demonstrating the platform's high sense of responsibility and commitment to ecological safety. Additionally, LBank has established a deep strategic partnership with GMGN.AI to jointly promote the arrival of the "Meme Super Cycle," injecting new vitality into the prosperity and development of the entire meme ecosystem.

LBank demonstrated industry responsibility during the DEXX security incident. In November 2024, DEXX suffered a hacker attack, with over $21 million of user funds stolen. When DEXX's self-rescue efforts were in trouble, LBank took the lead in collaborating with six pioneers to initiate a relief plan, jointly providing $15 million in donation funds to support DEXX in starting compensation and restart procedures, bringing important protection to users in distress.

Beyond the "survival of the fittest" jungle law of the crypto world, there is a path of common development based on trust and responsibility. When a platform prioritizes safety and compliance and sincerely gives back to the ecosystem, user recognition and support will naturally follow.

The Resilience of the Industry: Safety and Compliance

Having gone through the early years of wild growth, the cryptocurrency industry is now cautiously seeking long-term development paths and recognition from mainstream global society. The entire industry is struggling but steadfastly breaking free from the shadow of disorderly expansion, eager to build a more resilient and mature development ecosystem. In this transformation process, compliance and security are undoubtedly two key forces for expanding the industry's boundaries and enhancing its resilience.

The industry is currently at a critical historical juncture: on one hand, regulatory frameworks in various countries are becoming increasingly refined, and industry participants face unprecedented compliance challenges; on the other hand, technological innovation and market demand continue to emerge, injecting new vitality and possibilities into the industry. Industry builders need to explore the balance between stable operations and innovative development.

LBank views compliance as infrastructure rather than a constraint, maintaining market sensitivity and innovative vitality while strictly adhering to regulatory requirements. It has decisively bet on the meme sector, launching pre-market trading compensation activities and other initiatives, bringing substantial wealth effects to users.

This "user-first" philosophy is not only reflected in daily operations but is also fully validated in times of crisis. Whether actively initiating protective mechanisms during periods of market volatility or stepping up to provide assistance when industry partners face hacker attacks, LBank consistently stands on the side of users and the industry, demonstrating the weight of "responsibility" through concrete actions.

As a witness and active participant in this transformative era, LBank firmly believes that safeguarding user interests is the only correct path forward. The relentless pursuit of compliance and security is not only a solemn commitment to over 15 million users but also a responsibility for the future of the entire industry.

Safety and compliance have never been a burden but rather the wings to a broader future.

About LBank

Founded in 2015, LBank is a leading global cryptocurrency trading platform with over 15 million registered users, covering over 210 countries and regions. LBank's daily trading volume for derivatives exceeds $67 billion, supporting over 800 cryptocurrencies, and is committed to providing users with a diverse and convenient trading experience. Through innovative trading solutions, LBank helps users achieve an average return of over 130% when new assets are listed.

As a pioneer in the meme coin market, LBank has listed over 240 mainstream meme coins and over 40 golden dog meme coins, with several golden dog meme coins increasing by over 500%. With its industry-leading number of meme coin launches, LBank has become the ideal platform for meme coin investors.