Dear LBank Users,
Due to compliance requirements, LBank will officially initiate the $LBK repurchase process. To protect user interests, please review the important arrangements below and complete the repurchase confirmation within the specified period.
Repurchase Period
7:00 AM, January 5, 2026 - 4:00 PM, June 19, 2026（UTC）
Please note that $LBK repurchase processes on other platforms will also conclude during this same period.
Repurchase Details
The repurchase will be conducted based on each user’s $LBK holdings and purchase cost.
After logging in, please carefully verify the displayed $LBK holding amount and repurchase value, and complete the confirmation once all information is correct.
For more details, please visit the repurchase page: https://www.lbank.com/wallet/lbk-buyback
Please ensure that you complete the repurchase confirmation within the repurchase period, as failure to do so may affect the processing of your assets.
If you have any questions during the repurchase process, please feel free to contact our online customer support team.
Thank you for your understanding and continued support.
LBank Team
January 5, 2026
Calculation Rule
This Buyback calculation is based on the user’s purchase cost and divides the holdings into two parts: “with cost” and “without cost”.
1. For LBK with a purchase cost, the buyback cost is calculated using the average purchase price, i.e.: Average Purchase Price = Total LBK Purchase Amount/Total LBK Purchased Quantity.
2. For LBK with no purchase cost, the buyback will be conducted at a fixed price of 0.015 USDT.
3. Overall buyback calculation logic:
If the position quantity is less than the net buy quantity, the buyback amount equals the position quantity × average buy price × 1.2
If holdings ≥ net purchases, then Buyback Amount = Net Purchases × Average Purchase Price + (Holdings - Net Purchases) × 0.015
Example:
User A: Holdings ≥ Net Purchases
Uses 200 USDT at 0.02 USDT to buy 10,000 LBK, then sells 4,000 LBK at 0.03 USDT, then uses 400 USDT at 0.1 USDT to buy 4,000 LBK, then sells 5,000 LBK at 0.2 USDT. Currently still holds 5,000 LBK.
Buyback Amount = 5000 * [(200 + 400) / (10000 + 4000)] * 1.2 = 257.1429
User B: Includes zero-cost LBK
Uses 100 USDT at 0.02 USDT to buy 5,000 LBK, then sells 4,000 LBK at 0.04 USDT; meanwhile receives 1,000 LBK from an event. Currently still holds 2,000 LBK.
Buyback Amount = (5000 - 4000) * (100 / 5000) * 1.2 + [2000 - (5000 - 4000)] * 0.015 = 39
FAQ
1.Why does “Buyback Amount” show “Calculation Failed”?
Because no records were found, the buyback amount cannot be calculated. Please contact customer service and submit supporting documents. Manual review will be performed to calculate the buyback amount. After the amount is confirmed, LBank will continue with the buyback.
2. If you have doubts about the buyback amount, how should it be handled?
Please contact customer service for another manual review and recalculation. After the amount is confirmed, LBank will continue with the buyback.
3. If the buyback period has ended but the buyback was not confirmed, what should I do?
Depending on the buyback progress, we may extend the buyback period. If the buyback period has already ended, please contact online customer service.