According to the official announcement from the LBankToken (LBK) project team, due to relevant compliance requirements of the LBANK platform, LBankToken (LBK) will undergo a buyback. At the request of the project team, Gate will delist the LBankToken (LBK) markets, including the LBK_USDT spot trading pair and quantitative grid trading.
**Gate will proceed as follows:
- At the request of the project team, Gate has suspended deposits, withdrawals, and trading services for LBankToken (LBK).
- Gate will delist the LBankToken (LBK) markets, including the LBK_USDT spot trading pair and quantitative grid trading, at 03:00 on July 24, 2025 (UTC).
- If you have any active quantitative trading strategies, please adjust them in advance. Otherwise, they will be forcibly terminated before 03:00 on July 24, 2025 (UTC).
- After the delisting, Gate will help users holding LBankToken (LBK) redeem their tokens through a buyback program, expected to be completed within six months.
Please note: For more detailed information regarding this token delisting, please refer to the official announcement: https://www.lbank.com/zh-TC/support/articles/1947134672639098880
We understand that this change may cause some inconvenience, and we sincerely apologize for any disruption it may bring.
Thank you for your support and trust in Gate. If you have any questions or need assistance, please feel free to contact our customer support team.
Gate Team
July 23, 2025
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