As a global leading cryptocurrency exchange, LBank always prioritizes user asset security. With its continuously upgraded security protection system, the platform has successfully built a solid security line for over 15 million users. Data shows that as of November 2024, LBank has successfully prevented potential security threats valued at up to $1.2 billion.

Looking back at the overall performance in 2024, LBank has achieved remarkable results in user asset protection. Statistics show that the platform successfully intercepted potential losses worth $1.2 billion, of which 45% (approximately $540 million) came from suspicious withdrawal activities. Thanks to the platform's advanced automated risk control system, these risky behaviors were identified and successfully intercepted in a timely manner, effectively safeguarding user asset security.

One typical case is that the system successfully detected a suspicious withdrawal request of up to $3.2 million. Upon discovering the anomaly, LBank quickly activated its emergency mechanism, completing the freezing operation of the related account in just two minutes, successfully preventing potential asset loss.

To ensure the security of user assets, LBank has built an advanced intelligent risk control system. This system relies on artificial intelligence and machine learning technology to achieve real-time monitoring of transactions around the clock. The system can not only analyze user behavior in depth but also sets up multiple authentication mechanisms, forming a comprehensive security protection network. Once an abnormal trading pattern is detected, the system will quickly take protective measures, such as temporarily freezing suspicious accounts or initiating additional verification procedures, accurately responding to risks while ensuring that normal users' transactions are not affected.

A strong risk control mechanism is the first line of defense in protecting user assets. In the face of increasingly complex asset security challenges, the platform needs to provide more comprehensive and efficient protective measures. For traders, this mechanism conveys a clear message: while pursuing trading efficiency, security should always be the top priority. Against this industry backdrop, LBank has carefully constructed a multi-layered security protection system to ensure effective responses and protection of user asset security in different risk scenarios.

This security system provides solid protection for asset security through the collaborative cooperation of multiple protective layers. Specifically, LBank not only implements strict access controls and encryption standards to protect user accounts and encrypted assets, but also regularly conducts penetration tests to proactively identify and promptly fix potential security vulnerabilities. In addition, the platform is equipped with a round-the-clock security monitoring team and an automatic alert system to ensure timely responses to any potential security threats, thereby maximizing the protection of user assets.

LBank's risk control advisor Eric He pointed out when discussing the security protection system: "With the rapid development of the cryptocurrency asset industry, various security threats are constantly escalating, which requires us to establish an all-round protection mechanism. For this reason, we have invested a lot of resources to create this intelligent security system that integrates risk control, monitoring, and early warning. This not only provides the tightest protection for user assets but also helps the platform achieve a perfect balance between security and efficiency."

About LBank

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

As a pioneer in the Meme coin market, LBank has listed over 240 mainstream Meme coins and more than 40 golden dog Meme coins, with the growth of many golden dog Meme coins exceeding 500%. With the industry's leading number of Meme coin launches, LBank has become the ideal platform for Meme coin investors.

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