Case summary
What happened
LBank published an Earn Service Agreement on 28 November 2025 covering Spot Earn, Locked, Futures Earn and related services, and documented Spot Earn participation in December 2025. The agreement states that Earn does not provide principal protection and users can face partial or total principal loss. It permits LBank to aggregate user assets and authorizes use including pledging, lending, liquidity provision, hedging or participation in other projects to generate returns. Spot Earn guidance separately says first-month yield may be subsidized by LBank and later yield is based on arbitrage results from professional quantitative institutions. CYA does not generalize that Spot Earn yield source to every Locked, Futures Earn or other LBank Earn product.
Customer result
Customer outcome
Not applicable
Not-applicable is not a guarantee. The current Earn Service Agreement explicitly states there is no principal protection and users may face partial or total principal loss.
- Estimated recovery
- No platform-wide LBank Earn customer-loss, claims or repayment process was identified in the reviewed sources; LBank Earn remains active.
- Repayment started
- —
- Repayment completed
- —
- Confidence
- High
Asset treatment
Terms risk
Varies by product
Spot Earn has product-specific flexible account and institutional-arbitrage mechanics that must not be generalized to Locked, Futures Earn or all LBank Earn products.
- Affected product
- LBank Earn
- Confidence
- High
The LBank Earn Service Agreement requires users to lawfully own assets used in Earn but permits LBank to aggregate assets with those of other users and authorizes the platform to pledge, lend, provide liquidity, hedge or otherwise use assets to generate returns. The agreement explicitly says there is no principal protection and users may face partial or total principal loss, and states LBank is not a trustee or financial adviser. CYA therefore does not infer deposit-like segregation or fiduciary protection.
Known unknowns
Uncertainty
The reviewed sources establish Earn operation by November 2025 and a December 2025 one-stop Earn-center upgrade, but do not establish the original launch date of the umbrella service, so launch_date remains null. Product-specific yield sources, lockups, rates and redemption rules vary.
Chronology
Historical record
LBank publishes Earn Service Agreement
LBank published the reviewed agreement covering Spot Earn, Locked, Futures Earn and related services, including principal-loss and asset-use terms.
This establishes governing Earn terms by November 2025 but is not treated as an original launch event.
LBank documents Spot Earn participation and yield mechanics
LBank published first-party Spot Earn participation guidance describing flexible access, first-month subsidies and later arbitrage-linked yield mechanics.
This records a documented product/mechanics milestone, not the original LBank Earn launch date.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
Entity
1 sourcesLBank Spot Earn User Guide
LBank · 2025-12-12
First-party guide describing Spot Earn flexibility, institutional arbitrage yield source for that product and subordinated-fund / liquidation risk controls. Those controls are not generalized into a universal principal guarantee.
Event
1 sourcesHow to Participate in LBank Spot Earn? (Web)
LBank · 2025-12-08
First-party Spot Earn guide describing flexible account use, first-month LBank subsidy and later yield based on actual arbitrage returns from professional quantitative institutions.
status
1 sourcesLBank Product Updates - December 2025
LBank · 2026-01-29
First-party retrospective confirming the newly upgraded one-stop LBank Earn center and expansion of Earn products in December 2025.
terms risk
1 sourcesLBank Earn Service Agreement
LBank · 2025-11-28
Current first-party agreement stating Earn is not principal-protected, users may face partial or total principal loss, assets may be aggregated, and LBank may pledge, lend, provide liquidity, hedge or otherwise use assets to generate returns.
No evidence records match the current filters.
Comparative records