LBank has officially launched the DEXX compensation process, successfully reimbursing more than 3,000 addresses. The initiative underscores LBank’s commitment to strengthening user trust while fostering innovation in the meme coin and on-chain economy sectors.
The compensation effort is already making an impact, with DEXX’s daily trading volume surpassing $1 million just one week after LBank announced a $15 million donation on February 8, 2025. To maintain transparency, users can track the latest compensation progress through real-time updates on the DEXX App homepage, ensuring full community oversight.
Oversight and Implementation of Compensation
LBank, in collaboration with MEXC Ventures, has established the Meme Prosperity Committee, a governance body overseeing the compensation process and promoting ethical standards within the crypto ecosystem. The compensation mechanism integrates multiple layers of verification, including manual reviews, on-chain data analysis, and user identity matching, to ensure accurate fund distribution.
Eric He, LBank’s risk control adviser, emphasized that the initiative extends beyond simple recovery efforts. “The DEXX compensation initiative goes beyond meme recovery; it focuses more on innovation protection. We are proud to bring this donation to aid the rebuilding of DEXX,” He stated. “By offering these pledges, LBank aims to empower the meme economy and enhance the accessibility of meme coin trading, lowering barriers to participation.”
This structured approach to compensation aims to address broader challenges in the crypto industry by reinforcing transparency and security. The initiative is expected to pave the way for a more resilient and innovation-driven crypto ecosystem.
Compensation Details and Community Feedback
LBank has outlined the compensation process in a structured manner, prioritizing smaller claims before larger ones. Compensation payments are made in ascending order, with users who had “secure wallets” and pledged 5,000 USDT or less receiving initial reimbursements. On February 16, compensation was extended to users holding between 5,000-8,000 USDT.
Despite efforts to streamline the process, delays have been reported. LBank attributes these setbacks to high volumes of community inquiries, with many users mistakenly believing they had not yet been compensated. The company revealed that, out of 863 private support requests, only 152 were legitimate, highlighting the impact of repeated inquiries on processing efficiency.
To successfully receive compensation, LBank requires users to have both a secure wallet and pledged NFTs at the time of disbursement. Users missing either requirement must register manually with customer support. Additionally, the NFT collection window has closed, requiring affected users to contact support for resolution.
While the exchange does not publish full daily payout data, it provides randomly selected transaction hashes in community channels for verification. Users with unresolved issues have been directed to communicate with LBank’s customer service via social media for further assistance.
By spearheading this compensation initiative, LBank aims to rebuild trust within the crypto community while reinforcing its role as a key player in the evolution of the meme coin and blockchain ecosystems.
