Case summary
What happened
LVC Corporation announced BITMAX crypto-asset lending with service start on 2020-10-07. Later first-party help material documents variable-period and fixed-period lending courses, including fixed-term contracts that generally could not be cancelled during the term and returned principal plus a contractual lending fee at maturity under the published mechanics. LINE BITMAX later operated under LINE Xenesis株式会社. On 2026-03-03 LINE Xenesis / LY Corporation announced that the entire LINE BITMAX service would end on 2026-06-01. The shutdown plan states that lending applications were stopped and existing lending contracts would be ended sequentially. The platform shutdown date is not treated as the exact end date of every individual lending contract. Remaining customer crypto assets after service end were subject to the published conversion-and-return procedure; that procedure is not treated as proof of universal historical lending performance.
Customer result
Customer outcome
Not applicable
The service-end asset-return procedure is not evidence of universal historical lending performance, a recovery percentage, or a completed claims process. CYA does not invent a common final date for all outstanding lending contracts.
- Estimated recovery
- Not applicable
- Repayment started
- —
- Repayment completed
- —
- Confidence
- High
Asset treatment
Terms risk
Platform-owned
Fixed-period lending generally could not be cancelled during the term under the reviewed first-party product mechanics. Published rates and campaigns remain issuer terms, not verified realized returns. The shutdown process ended contracts sequentially rather than establishing one universal contract end date.
- Affected product
- LINE BITMAX 暗号資産貸出サービス
- Confidence
- High
The reviewed materials describe customers lending crypto assets to BITMAX under a lending contract in exchange for contractual lending fees. CYA therefore represents borrower/counterparty economic exposure during the contract and does not infer segregated custody, insurance or guaranteed principal from the exchange service. Exact historical legal terms may vary across lending courses and periods.
Known unknowns
Uncertainty
The exact final date of every outstanding lending contract is not established as a single date. Launch and later published lending rates are issuer product terms, not independently verified realized returns. Preserve the launch-era LVC Corporation and shutdown-era LINE Xenesis株式会社 operator transition.
Chronology
Historical record
BITMAX launches crypto-asset lending
LVC Corporation announced the start of BITMAX's crypto-asset lending service on 2020-10-07, with users lending crypto assets to BITMAX and receiving lending fees.
Issuer-distributed launch authority. Published campaign rates are product terms, not verified realized returns.
LINE BITMAX service ends
LINE Xenesis / LY Corporation announced the overall LINE BITMAX service would end on 2026-06-01. The shutdown plan stopped new lending applications and ended existing lending contracts sequentially as part of the closure process.
The platform shutdown date is not asserted as the exact termination date of every individual lending contract.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
Event
2 sourcesBITMAX 暗号資産貸出サービス開始
LVC Corporation / LINE · 2020-10-07
Issuer-distributed launch material for BITMAX crypto-asset lending. Campaign/lending rates are issuer terms, not independently verified realized returns.
LINE BITMAX サービス終了のお知らせ
LY Corporation / LINE Xenesis株式会社 · 2026-03-03
First-party authority for the planned 2026-06-01 end of the overall LINE BITMAX service.
status
1 sourcesLINE BITMAX サービス終了案内
LINE Xenesis株式会社
Official shutdown plan states lending applications were stopped and existing lending contracts would be ended sequentially. Remaining-balance conversion and return procedures are service-end mechanics, not proof of universal historical lending repayment.
terms risk
1 sourcesLINE BITMAX 暗号資産貸出サービス help
LINE BITMAX
First-party product help documents variable-period and fixed-period lending mechanics. Time-sensitive rates and limits are not generalized beyond the documented product terms.
No evidence records match the current filters.
Comparative records