According to Wu, LBank announced that due to compliance requirements, it will suspend trading and withdrawal services for LBK starting from July 21. The platform will conduct an overall liquidation and repurchase of the LBK held by users, with the repurchase price set at 1.2 times the average price at which each user purchased LBK. The completion time for the repurchase is expected to be no more than 6 months. LBK is the platform token issued by LBank.