Livecoin exchange is under attack

[Freemind]

I just went to their website to read some things that I had pending and I have found this:



Be very careful if you trade there and try to get the funds you have.

[Gravatai]

Thanks for the warning. I did not notice that the hacking of this exchange had a strong impact on the cryptocurrency market, but for those who traded on the exchange, this event is not very pleasant. Such hacks have become more frequent in recent days.

[Freemind]

You welcome @Gravatai. Even Coinmarketcap has already spread the news and from what I see now, Livecoin has changed the warning that they had before and they are returning or trying to return to "normal before this attack". It is not a high volume exchange, but this type of attack impacts the entire community.

[Bobcrypto]

I don't think this attack on livecoin has much effect on crypto because as at the of writing this post BTC is trending at $24345.
However, It is a petty that hackers are still finding their ways into some of these exchanges despite some security effort put on by these exchanges. I hope they will refund the hacked funds to it's users to regain heir reputation.

[Freemind]

I was not referring to a negative impact on the price of Bitcoin @Bobcrypto, I was referring to the damage it does to the image of cryptocurrencies in general because it is a security issue. And I agree with you, I hope they capture those responsible and can return all funds to the affected users.

[tor]

As it is all suspicious, over the past few months this is not the first exchange that is experiencing problems, before that Kucoin was hacked and then OkeX had problems 

[hair]

I don't use Livecoin because I choose a trusted exchange. This notification will alert Livecoin members to always be careful

[Freemind]

I've never used it either, but I know people who do (or they did). Now I am curious if it has been a real attack planned for months as they say or is it an exit scam.

[hair]

I've never used it either, but I know people who do (or they did). Now I am curious if it has been a real attack planned for months as they say or is it an exit scam.

What if it's an exit scam? can the livecoin be sued?I have an account there but it is not used for trading

[Freemind]

Well I don't think there would be any problem in suing the company, the funny thing is that I've been looking for information about its owner/s for a while and I can't find anything, the only thing I find is:

Founded in 2013 by DELTA E-COMMERCE LTD from London, UK. Their servers are located in Metairie, Louisiana, USA.
Domain name registered in : 2014-03-04T22: 46: 13
Registrar: NAMECHEAP INC

But I can't find anything about those directly responsible. I'll keep looking in case I find something else.

[nelson4lov]

Thanks for alerting us, I just hope the funds of the users of livecoin exchange are safe, although I don't make use of this exchange because what I have come to understand is that small exchanges are more prone to hacks than larger exchanges,I also know know exchange is safe cause they could get hacked anytime and we might just loose our funds these is why it's better for our crypto to remain in our private wallet other than crypto exchange wallets, remember not your keys not your coins.

[Abubakar56]

I just went to their website to read some things that I had pending and I have found this:



Be very careful if you trade there and try to get the funds you have.

Thanks for the warning I really appreciate I will try and withdraw my funds from therr

[Freemind]

You welcome @Abubakar56. Get your funds out of there as fast as you can. And remember to save all emails (and keep a copy of the ones you send them) and take screenshots of what may happen.

[codehash]

It is necessary not to keep money in bad exchanges. Bad exchanges like this always have the potential to hack. Major exchanges are more secure. 

[Freemind]

@codehash I guess the security on the big exchanges is better, they have a reputation to uphold. But no matter how big and safe an exchange is, I would never leave my coins/tokens, I always keep them myself, if someone steals them it will be my fault, if the exchange is hacked, it can take months until you get your funds back, if they give them back to you.


Not your keys, not your coins.