From Responsibility to Innovation: Eric He Shares Insights on LBank’s $15 Million Donation Initiative

With the launch and progress of the DEXX donation, LBank’s Risk Control Officer Eric He shares the initiative’s purpose, donation updates, and security measures.

The crypto market remains a landscape of both innovation and security challenges. On November 16th, 2024, the on-chain trading terminal DEXX suffered an exploit, resulting in the unauthorized transfer of substantial user funds. In response, LBank leads the seven-party coalition, including MEXC Ventures, HashKey Capital, SevenX Ventures, and Mask Network, to launch the $15 million donation initiative to support DEXX, with the goal of compensating users impacted by the incident.

As part of this initiative, LBank’s Risk Control Adviser, Eric He, shared insights during a recent interview, detailing the purpose behind the donation, its progress, and LBank’s continued commitment to bolstering platform security and safeguarding user trust.