Crypto Exchange Livecoin Warns Users To Stop Trading After Planned Attack

Crypto exchange Livecoin warns users to stop trading after planned attack. Cryptocurrency exchange Livecoin alleges to have fallen victim to what it called a “carefully planned attack.”

In a web post, the Russian exchange said it has “lost control of all of our servers, [backend] and nodes” and pleaded with clients to cease making deposits, trading or interacting with the exchange. “We were not able to stop our service in time,” the post said.

It was not immediately clear if clients funds’ were affected in the breach. CoinGecko charts indicate Livecoin usually handles about $50 million in daily trading volume. However, in the last 24 hours volume climbed to $805 million.

[image: Markus Spiske]

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