LBank Starts SLERF Refunds, Focuses on Smaller Deposits

LBank has planned initial refunds for affected users, showing its dedication and operational integrity.

This approach reflects LBank’s commitment to building trust and confidence with its users, beyond just addressing the issue.

LBank’s Strategic Refund Plan for SLERF Users

LBank thoughtfully prioritizes smaller depositors for the first wave of SLERF refunds for fairness and efficiency. This strategy is aimed at supporting as many affected users as possible, given the current funds raised for this purpose. LBank targets financially vulnerable users in its SLERF refund strategy, aiming to maximize community benefit.

The refund process is set to commence with a test run, an essential step that underscores LBank’s cautious and methodical approach to handling refunds. This initial phase lets LBank test the refund mechanism’s efficiency and reduce the risk of complications.

However, while focusing on smaller contributions first, LBank also plans to address larger contributors’ refunds. The exchange is actively working towards reaching the full $10 million target necessary to address the needs of larger contributors. This effort indicates LBank’s commitment to making things right for all affected parties, regardless of the size of their contribution.

Eric He’s announcement is a significant development for the LBank community, offering hope and a path forward for those affected by the SLERF presale issue. It’s a testament to LBank’s resilience and its determination to uphold high standards of customer service and accountability.


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