LBank Reviews Alleged $1 Million USDT Account Restriction Dispute
LBank says a South Korean trader under review is not being penalized simply for making futures profits, following allegations that roughly $1 million in USDT was inaccessible.
LBank says a South Korean trader under review is not being penalized simply for making futures profits, following allegations that roughly $1 million in USDT was inaccessible. Tether (USDT) is trading at ₹93.77 ($0.9991). This is an original Token Times brief synthesising 5 outlets (Crypto Economy, Crypto.news, Cryptopolitan, and others), with their figures cross-checked, plus live market data, as of Thu, 12 Nov 2026 01:45:01 UTC.
The dispute raises questions about how exchanges handle account restrictions, futures withdrawals and position closures when profitable trading activity is challenged. The trader’s alleged inability to close positions before liquidation could affect traders relying on exchange-held balances for risk management.
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- Both outlets report roughly $1 million in disputed USDT
- LBank denies restricting traders simply for generating profits
- ZachXBT joined the public dispute
- USDT remains near parity with the dollar
Crypto Economy and Crypto.news agree that a South Korean trader accused LBank of making roughly $1 million in USDT inaccessible and that the exchange publicly rejected the suggestion that profitable accounts are restricted as a policy. Both outlets also report that LBank said the case was under review, while ZachXBT became involved in the public discussion. Crypto Economy emphasizes the trader’s claim that the restriction followed profitable futures activity and notes LBank’s denial, whereas Crypto.news adds that the trader said he could not close futures positions and that those positions were later liquidated. No material numerical conflict appears between the outlets: the independently cross-checked disputed amount is $1 million.
- Tether CEO says USDT has reached 730 million users
- LBank Reviews Alleged $1 Million USDT Account Restriction Dispute — this brief
LBank is publicly addressing allegations from a South Korean trader who says the exchange blocked access to approximately $1 million in USDT. The trader reported profits from futures operations and later accused LBank of preventing him from closing positions that were ultimately liquidated, according to Crypto Economy and Crypto.news. The exchange said it does not restrict accounts merely because traders generate profits. It also said the user’s case was under review, according to Crypto Economy, while Crypto.news reported the exchange’s response on Nov. 10. Neither outlet’s supplied coverage indicates that LBank has provided a detailed account-by-account explanation or independently verified the trader’s claim. The two reports corroborate the central $1 million figure, although they frame different aspects of the dispute. Crypto Economy focuses on the exchange’s stated policy and review process, while Crypto.news gives more detail about the trader’s inability to close futures positions and the subsequent liquidation. On-chain researcher ZachXBT entered the discussion after LBank published responses and promotions connected to the matter, Crypto Economy reported.
USDT remains the asset at the center of the allegation. DeFiLlama lists USDT’s circulating supply at $175.78 billion, while live market data places its market capitalization at $176.88 billion. 
Tether traded at $0.999115, with no reported change over either 24 hours or seven days, indicating continued stability around the dollar peg during the dispute.
The broader crypto market was broadly lower, with total capitalization at $2.51 trillion and 
Bitcoin down 2.00% over 24 hours. The Fear & Greed index stood at 32, in the “Fear” range. The immediate issue for traders is therefore not USDT’s market price but the exchange’s handling of access to funds, futures positions and liquidation risk; further clarity would depend on the review LBank said was underway and any account-level documentation supplied by the trader.
Since this brief published about 27 hours ago, Tether (USDT) has moved from ₹93.77$0.9991 to ₹93.77$0.9991 — -0.00%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₹99.28 (about $0.9991), up 0.0% over 24 hours. The rupee itself trades about 5.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · November 10, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
LBank Reviews Alleged $1 Million USDT Account Restriction Di — questions & answers
What amount of USDT did the trader say was blocked?
Both Crypto Economy and Crypto.news cite approximately $1 million. The figure was also independently cross-checked across the two reports.
What position did LBank take on the account restriction?
LBank denied that it restricts accounts simply for producing trading profits and said the user’s case was under review.
What happened to the trader’s futures positions?
Crypto.news reports that the trader said he could not close them and that the positions were later liquidated.
How much is 1 Tether worth in rupee today?
About ₹99.28 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9991. The rupee price moves with both USDT's US-dollar price and the USDT/INR rate; use our Tether in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy, Crypto.news, Cryptopolitan, Bitcoin Sistemi, CoinCodex, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.