The decision comes after Livecoin claims its servers were hacked and taken over by attackers in December 2020.
Russian cryptocurrency exchange Livecoin has announced shutting down its operations. The exchange halted its operations temporarily on December 224, 2020, after becoming the victim of an alleged “carefully planned attack.”
During the attack, apparently, hackers took over the exchange’s infrastructure and modified the platform’s cryptocurrency rates to exorbitantly high values. Reportedly, Livecoin traded Bitcoin at over $300,000, whereas the market price for BTC at the time was $24,000.
$BTC is casually trading at 35k+ on @livecoin_net right now
What? pic.twitter.com/Sv9Sk2CyQg
— #DYORangutang (@cryptorangutang) December 23, 2020
It has now moved its media channels to another domain Livecoin[.]news from Livecoin[.]net. The .net domain is currently showing a message allegedly left by the hackers on its homepage. The company claimed last month that it lost control of its servers after a major cyberattack from unknown hackers.
At the time of publishing this article, the domain was displaying the following text:
Oops! Time is over Livecoin… Good try Livecoin. But no… You have 2 days left…
Here’s a full preview of Livecoin[.]net’s homepage:
Image: Hackread.com
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