South Korean traders accuse crypto exchange LBank of freezing over $1 million in funds, with the platform denying allegations that it restricted accounts due to profits.
South Korean crypto trader @solyfw has publicly accused exchange LBank on X of freezing roughly $1 million in his funds, forcing the liquidation of his futures positions. The trader stated the issue arose after he earned profits from high-leverage futures trades, with his account restricted, and LBank has yet to provide a specific explanation. LBank responded that it does not restrict accounts solely due to user profits, adding the account is under review, and the exchange has hired external legal counsel to address "false statements".
According to the trader, starting August 31, he generated significant returns trading high-leverage futures on major altcoins including XRP, DOGE, XLM, NEAR, FIL, SUI and other highly liquid mainstream assets. On September 19, while attempting a standard withdrawal, his account was suddenly restricted; the platform requested additional identity verification, which the user completed. On September 29, LBank further limited his futures trading and demanded more detailed clarifications. On October 14, the exchange finally replied that "the relevant abnormal funds will not be released".
In its official response the same day, LBank said: "We will not restrict accounts just because someone is making profits. Trading and withdrawals are currently operating normally. We are communicating directly with the user regarding the account review and will share information as much as possible while protecting his privacy." The exchange also stated it has hired external legal counsel to take action against "false and misleading statements" and warned of potential legal measures against related remarks.
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Huobi HTX will open spot trading for NVDA and SKHY on November 11.
According to an official announcement, Huobi HTX will open NVDA/USDT spot and grid trading at 17:00 (UTC+8) on November 11, and will launch SKHY/USDT spot and grid trading at 19:00 the same day. Recently, Huobi HTX announced the listing of 20 stock tokens and ETF-related assets including SNDK, SOXL, SPCX, CRCL, MSTR, SKHY, MU, TSLA, NVDA, etc., and launched a series of promotional activities such as 0 trading fees for executed orders.
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A crypto whale bought $8.6 million worth of Nvidia on the dip, and is now the largest long holder.
According to TradingBeats monitoring, a crypto whale opened a new NVDA long position with 5x leverage during NVIDIA’s early-morning price drop today, totaling around $8.4243 million at an average entry price of $168.49. As of press time, the address has not reduced its position: its holding value stands at approximately $8.6385 million, with an unrealized profit of roughly $214,200, a return rate of about 12.71%, and a liquidation price of $135.
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Jensen Huang apologized first upon arriving at work, aiming to create an atmosphere of "business as usual".
According to sources, NVIDIA CEO Jensen Huang walked into the company's headquarters in Santa Clara, California on Monday and chaired his usual morning meeting with senior executives. Sources said Huang opened the closed-door meeting by apologizing to employees over the recent controversy. He took no questions and quickly shifted the topic to business and the day's main agenda. Huang also came to the office for a meeting on Tuesday. NVIDIA is set to release its new quarterly earnings report in one week. An NVIDIA insider said Huang is trying to create a "business as usual" atmosphere, but internal morale at the company is "low". (CNBC)
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The perpetrator in the assassination case of Cash App founder Bob Lee has been sentenced to 16 years to life in prison.
According to CNN, a San Francisco court on Tuesday sentenced tech consultant Nima Momeni to 16 years to life in prison for the fatal stabbing of Cash App founder Bob Lee. In December 2024, a jury found Momeni guilty of second-degree murder and rejected his self-defense claim. Momeni has been in custody since his arrest following the April 2023 incident, when Lee was fatally stabbed in San Francisco. The judge denied Momeni’s motion for a new trial ahead of sentencing, and his lawyer plans to appeal. Prosecutors alleged Momeni was enraged because Lee had introduced his sister to a drug dealer, stabbing Lee three times—one blow piercing his heart. Lee died in the hospital at age 43. Lee, who founded mobile payment service Cash App, was serving as chief product officer at cryptocurrency firm MobileCoin at the time of his death.
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