12.05.2026 17:00
Despite the Capital Markets Board's access ban, it was determined that LBank continues its activities targeting Turkish users through Turkish social media accounts and operates an affiliate system via Turkish crypto influencers. Here are the details…
LBank was included in the list of 108 cryptocurrency sites for which the CMB (Capital Markets Board) decided to impose an access ban in December 2024, on the grounds that it was conducting unauthorized activities in Turkey. According to Law No. 7518, foreign crypto platforms without a CMB license offering Turkish language support to Turkish users, engaging in advertising and marketing activities, are considered unauthorized crypto asset service providers.
TURKEY SOCIAL MEDIA ACTIVITIES CONTINUE
It is observed that the X account managed under the username LbankTurkey continues to publish Turkish content after the access ban decision. The account regularly posts new token listing announcements, campaigns, trading competitions, and incentives for platform registration. A page operating under the name "LBank Borsası Türkiye" on Facebook with an Istanbul location was also found to have been producing content for LBank for Turkish users and directing them to a Telegram group during the same period.
"UNOFFICIAL COMMUNITY" CONFUSION
Experts note that the phrase "unofficial community" in the profile description of the @LbankTurkey account does not eliminate legal responsibility. Law No. 7518 explicitly prohibits promotional and marketing activities carried out directly or "through individuals or institutions resident in Turkey." Within this framework, regardless of the account's official status, the determining factor is on whose behalf and for whom the content is produced. Meanwhile, it is noteworthy that the @LbankTurkey account has a yellow checkmark indicating corporate verification and is directly linked to LBank Global. Experts emphasize that this technical fact renders the "unofficial community" characterization meaningless and shows that the account effectively operates as a corporate extension of LBank.
INFLUENCERS SHARE AFFILIATE LINKS
Investigations revealed that Turkish crypto influencers have been sharing posts containing LBank affiliate links. It was observed that the accounts @borsaressami and @kuzisatoshini shared LBank affiliate links with their followers, and the @crypto_facts_ account also disseminated LBank content. Experts remind that Law No. 7518 covers not only direct promotions but also marketing activities carried out "through individuals or institutions resident in Turkey." They emphasize that influencers sharing affiliate links will be considered part of the enforcement chain targeting the platform. The penalty for providing unauthorized crypto asset services is imprisonment from 3 to 5 years and a judicial fine of up to 10,000 days. Presenting paid content without stating that it is an advertisement independently violates the prohibition on misleading advertising.