Crypto Currency Exchange Livecoin Was Shut Down

[zagzag 320]

Russia-based crypto currency exchange Livecoin, which called on its users to "stop using our Exchange" stating that it was attacked in late December has completely terminated its operations.

 

With a statement made through a new domain called livecoin.news, the exchange announced that Livecoin suffered a great deal of technical and financial damage due to the attack and that the activity cannot be continued under current conditions. In the statement, customers were asked to contact via email to receive payment after completing the verification procedure. Accordingly, a request for payment will be received until March 17, 2021 and no new applications will be accepted afterwards.

 

The statement also warned that people who may introduce themselves as Livecoin representatives and communicate through different channels should be careful and not send money to anyone.

[kamelq 22]

@zagzag

It is such a sad news to hear that an exchange site like this one couldn't overcome cyber attacks. And it is great that they didn't just disappear, but made sure their users get back their money. This proves that they are a respectable exchange site and that they respect their users. Hope they come back with a stronger platform in the future.

[Whited35 15285]

Do you have a clue what was the initial exchange domain name(Or link)? If I am not wrong, it was the exchange to list TON Crystal from the Free TON blockchain project. Probably, I have created an account on that exchange too. If hackers manage to steal the users' data, it will be another serious problem.