Litecoin Analysis: LTC Price Up but Participation Levels Thin

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Litecoin Analysis: LTC Price Up but Participation Levels Thin, Will Gains be Sustained?

Today's Litecoin (LTC) News
CoinBene says it is “the World's Leading Trustworthy Crypto Assets Platform” at its homepage and as a pro-safety platform, rumors of being hacked are unfounded and pure lies. But this was expected. Centralized cryptocurrency exchanges are honeypots for increasingly sophisticated and nefarious actors. And in 2019, it seems, exchanges “stepped in” with the wrong foot.

After QuadrigaCX drama, Cryptopia sustained hemorrhage and Monday’s DragonEX loss, news of CoinBene hack would have been too much for the community. Encouragingly for the platform’s clients may be spared at the expense of the exchange’s reputation even if it wasn’t hacked. The damage has been done and customers are apprehensive.

But it all started when a Twitter user took to the public that his attempt to deposit funds has been stuck on pending for over an hour and “unfairly” concluding that, well, the exchange has been hacked.

Despite the exchange responding and clarifying that the reason for delay because of wallet maintenance preventing deposits and withdrawals, the hacking rumor did spread like wildfire.

The situation was further exacerbated by Nick Schteringard, a reporter with Forklog, who reference two ETH wallets with suspicious trading activities. All the same, the failure of CoinBene to make public their wallet maintenance did cast doubt on the safety of user funds but the exchange seems to be working on this and reassuring those in that their platform is secure.

source: https://bitcoinexchangeguide.com/litecoin-analysis-ltc-price-up-but-participation-levels-thin-will-gains-be-sustained/