Crypto Exchange Livecoin Begs Users to Stop Trading After Losing Control of Servers

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Cryptocurrency exchange Livecoin has actually experienced what it called a “carefully planned attack.”

The Russian exchange stated in an internet blog post it has “lost control of all of our servers, [backend] and nodes” and also begged with customers to discontinue making down payments, trading or connecting with the exchange. “We were not able to stop our service in time,” the blog post stated.

It was not instantly clear if customers funds’ were influenced in the violation. CoinGecko graphes show Livecoin typically manages concerning $50 million in day-to-day trading quantity. However, in the last 1 day quantity climbed up to $805 million.

Livecoin Chief Executive Officer Ivona Zlatova did not react to an ask for remark by press time.

This tale will certainly be upgraded.