Crypto Exchange Livecoin Begs Users to Stop Trading After Losing Control of Servers
Livecoin asked clients to stop making deposits and trading after suffering a "carefully planned attack."
Dec 24, 2020 at 6:03 p.m. UTCUpdated Aug 19, 2021 at 6:20 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/SATR6TI2NVAXBPHAJGM327NICA.jpg)
Cryptocurrency exchange Livecoin claims to have suffered what it called a "carefully planned attack."
The Russian exchange said in a web post it has "lost control of all of our servers, [backend] and nodes" and pleaded with clients to cease making deposits, trading or interacting with the exchange. "We were not able to stop our service in time," the post said.
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
It was not immediately clear if clients funds' were affected in the breach. CoinGecko charts indicate Livecoin usually handles about $50 million in daily trading volume. However, in the last 24 hours volume climbed to $805 million.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/HO6JFGRZDFFIVJRWYGYLS3CONQ.png)
Livecoin CEO Ivona Zlatova did not respond to a request for comment by press time.
This story will be updated.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)