Livecoin Exchange Announces Closure After December Hack

Russian cryptocurrency exchange Livecoin has announced a full shutdown following an alleged hack in December 2020. Russian cryptocurrency exchange Livecoin has announced it is shutting down after abruptly halting operations in late December 2020.According to Livecoin’s main page, the exchange is unable to continue operations due to financial and technical damages caused by an alleged attack on its servers in late 2020. Livecoin announced the shutdown on Jan. 16 on Twitter, linking to its new domain “Livecoin.news.” Livecoin’s previous domain Livecoin.net is not available at publishing....

The Russian cryptocurrency exchange Livecoin has shut down amid accusations that it has pulled an exit scam. Customers are unable to withdraw their funds and have been asked to provide extensive identifying information which they fear would lead to identity theft. The exchange claims that it was hacked in December. Livecoin Crypto Exchange Closes Down The Russian cryptocurrency exchange Livecoin announced Saturday the decision to close down its platform. The exchange claimed in December that it was hacked. As news.Bitcoin.com reported, hackers supposedly manipulated the prices of several....

Livecoin asked clients to stop making deposits and trading after suffering a "carefully planned attack."

Following the temporary closure of trading and the subsequent downtime of the website in its entirety, bitcoin and digital currency exchange ShapeShift has now revealed that the instigating hack stemmed from an insider who previously worked with the exchange. In a new Reddit post that followed a steady, transparent cycle of updates from the time of the initial hack, CEO Eric Voorhees revealed details of the exchange’s investigation. The exchange had suspected that the hack was an insider’s job, a former employee who isn’t with the exchange anymore. The chief executive revealed: Since the....

Cryptocurrency trading platform Livecoin claims that it has been hacked after the crypto community noticed the price of bitcoin shoot up to half a million dollars. Meanwhile, users are complaining that they cannot withdraw their funds, suspecting the exchange of pulling an exit scam. $500K per Bitcoin on Livecoin Exchange Russian cryptocurrency exchange Livecoin claims that it suffered a security breach over Christmas after the crypto community observed the price of bitcoin and other cryptocurrencies soar exponentially on the exchange above their market prices. Bitcoin was reportedly....