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LakeBTC is currently owned by Lake Investments Limited (BVI), with Shanghai Trading IT, Inc. providing technical and customer support.
this is a better explanation 
Topic: LakeBTC Important - Account Name Change for Wire Transfers (Read 1258 times)
https://www.lakebtc.com/s/about?locale=en
Just an acronym
How about it have sent the money to the old address?
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"Shanghai Trading Information Technologies, Inc."
I believe you can get a faster response by sending an email to their CS email account [email protected] (found on the page https://www.lakebtc.com/s/about?locale=en).
How about it have sent the money to the old address?
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"Shanghai Trading Information Technologies, Inc."
Dear Users,
Caused by bugs and limitations in some legacy banking systems, several users reported that they were unable to fit our original company name, "Shanghai Trading Information Technologies, Inc.", into the corresponding wire form field. Even worse, the memo field was truncated too in a few cases.
Since the traditional banks are slow to respond as expected, LakeBTC decides to tackle this issue proactively to reduce the unnecessary delays and costs. Effective immediately, our company name is changed to Shanghai Trading IT, Inc for bank wire purposes.
Note that the old name is no longer valid.
Thank you for choosing LakeBTC.com!
-- LakeBTC Team
https://www.lakebtc.com/p/2446?locale=en
Caused by bugs and limitations in some legacy banking systems, several users reported that they were unable to fit our original company name, "Shanghai Trading Information Technologies, Inc.", into the corresponding wire form field. Even worse, the memo field was truncated too in a few cases.
Since the traditional banks are slow to respond as expected, LakeBTC decides to tackle this issue proactively to reduce the unnecessary delays and costs. Effective immediately, our company name is changed to Shanghai Trading IT, Inc for bank wire purposes.
Note that the old name is no longer valid.
Thank you for choosing LakeBTC.com!
-- LakeBTC Team
https://www.lakebtc.com/p/2446?locale=en
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