Technology crypto exchange Livecoin hacked

14:50  28 december  2020
14:50  28 december  2020 Source:   zdnet.de

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Cryptocurrency exchange hacks are particularly damaging because they typically affect thousands of users and involve the loss of funds. Here we provide an updated list of all major cryptocurrency exchange hacks .

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livecoin © DEFAULT_CREDIT livecoin The Russian crypto exchange Livecoin has admitted on its official website that there was a hacker attack and control of some of the servers was lost. Users should no longer use the services.

The Russian crypto exchange Livecoin issued the following warning: “We ask you not to use our service in any way: no deposits, no trading, no use of the API. We are suffering from a carefully planned attack that we believe has been in preparation for months.

We have lost control of all of our servers, backend and nodes. Therefore, we were unable to stop our service in time. Our news channels have also been compromised. At the moment we have partial control of the front end, so we can make this announcement. We're fighting hard to get our servers, nodes and funds back, we're working 24/7. News and the next update will appear in the next few days. We are in contact with the local police authorities. We are really doing our best to overcome this problem. ”

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According to posts on social media, the attack appears to have occurred during the night between December 23rd and 24th. Hackers took control of the Livecoin infrastructure and then switched to changing exchange rates to gigantic and unrealistic values.

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Before the Livecoin administrators managed to regain access to some of their systems on December 24th, the Bitcoin exchange rate had changed from the regular 23,000 $ / BTC inflated to more than $ 450,000 / BTC, Ether rose from $ 600 / ETH to $ 15,000, and Ripple price rose from $ 0.27 / XRP to more than $ 17 / XRP.

As soon as the exchange rates were changed, the mysterious attackers began withdrawing accounts and made gigantic profits in the process. As happens with most cryptocurrency hacks, several users have voiced suspicions that the entire hack was an inside job.

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Get Litecoin (LTC) price, charts, volume, market cap, exchange list and more. Read it first - Bitcoin price ATH, yearly high for the crypto market, and much more! 🔎. Much like Bitcoin, Litecoin also does not have a set exchange rate in the beginning, so its price is fully determined by the markets’

According to CoinMarketCap , Livecoin ranks number 173 among crypto exchanges on the internet, with about $ 16 million in daily transactions. The website has been active since March 2014.

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