LBank will publish the auditable merkle tree & proof of reserves (POF)

Dear LBank Users,

Due to the recent serious events caused by asset non-transparency in related exchanges, there has been widespread concern about the development of the industry and specifically about the protection of users’ assets. LBank has always taken the safety of users’ assets as the first priority.

We believe that it is crucial for tier-one cryptocurrency exchanges to publicly share their auditable Merkle tree proof of reserves or POF. To this end, we plan to publish a publicly auditable Merkle tree to our users, disclosing the asset proof of reserves. This is an important step in building fundamental trust in the industry, and at the same time, it is also an important means to ensure the transparency of user assets.

LBank Team

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