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Singapore, Singapore, February 8, 2025, Chainwire
Singapore, February 8, 2025 – LbankThe leading global exchange of cryptocurrencies, leads to a $ 15 million donation initiative for Dexx Recovery, joined by Mexc Ventures, Hashkey Capital, Sevenx Ventures and Mask Network. A donation of $ 15 million will be used to compensate for users affected by Dexx attacks, and the fee has been launched at the same time.
This Donation Donation Initiative has united key players from all over the crypto industry. LBANK and Mexc Ventures offer financial support and share a common vision of the future of memecoin. They reflect the evolution of memecoin from simple tokens in the community into powerful drivers of engagement and value creation. Other participants contribute to their expertise in different ways: Mask Network, Sevenx Ventures and HashKey Capital all recognize the value of memecoin and are united in the launch of their prosperity, and each contributes to their expertise to improve the technical support and development of ecosystems.
In order to ensure an effective and transparent distribution of these funds, Lbank And Mexc Ventures founded the Mema Prosperity Committee to ensure that all donated funds are used exclusively for the compensation of users under the influence of the Dexx incident.
Dexx, an innovative chain trading terminal, suffered an attack on November 16, 2024, leakage of private keys, which resulted in the unauthorized transmission of significant user agents. December 6 Dexx announced that 80% of the daily platform revenue will be awarded the beneficiary fees. In order to further accelerate the compensation procedure and renew the user trust, Dexx officially opened its Dedicated portal of compensation December 14, 2024, and now on February 5, 2025. He opened the NFT compensation portal, allowing the affected users to enter the NFTS and participate in the following compensation plan.
The LBANK team emphasized that the donation procedure will adhere to the principle of transparency and responsibility, with real-time updates on the progress of compensation. This initiative emphasizes the dedication of LBANK to stimulate sustainable development of innovative chain products.
This is not the first time LBANK has shown his commitment to support the crypto community. In March 2024. LBANK launched Donation Initiative for Slerf. During 2024. LBANK successfully listed high quality assets such as goat, Moodeng, AI16Z and Virtual, at the same time establishing Ecosystem Strategic Partnership with GMGN.AI for further research and unlocking meme project potential.
Through this latest donation to Dexx, LBANK once again emphasizes the vital role that the exchanges of cryptocurrencies play in the protection and nurturing of innovation in the crypto landscape. This effort reflects LBANK’s unwavering belief in the transformative force of innovation and their ability to initiate change and creation of values in the crypto market.
O lbank
Founded in 2015, LBANK is a leading global cryptocurrency exchangeService over 15 million registered users in more than 210 countries and regions. With everyday trading derivatives The amount of more than $ 67 billion and support for over 800 crypto currency, LBANK is dedicated to providing comprehensive and user trade experience. Through innovative commercial solutions, LBANK has helped users achieve average yields of over 130% on newlywed assets.
As a pioneer on the meme coin market, LBANK has listed over 240 major meme coins and 40 meme jewels, with several gains of over 500%. As a leader in the industry in the list of first meme coins, LBANK has become a platform for investors in meme.
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ContactPR & Communications Teamlbankpress@lbank.com
Rental Representation: This is a sponsored statement for the public and is only for informative purposes. It does not reflect the views of cryptocurrencies a day, nor is it intended to be used as legal, tax, investment or financial tips.
