Livecoin is closing!
Our regular readers will remember a recent event that literally turned the crypto industry upside down. Of course, we are talking about hacking the Livecoin digital exchange. A daring raid of digital fraudsters led to a complete halt in the operation of the site. And the situation has not improved in any way over time. Today we are going to tell you about a serious statement made by the organization’s management. Livecoin is closing. Further – the details of the event and recommendations for all users of the exchange. So, without further ado, let’s get started.
What exactly happened?
Of course, there are far fewer regular readers than casual viewers of this material. That is why we first describe the context of what happened. Livecoin is a fairly large, well-known exchange for digital assets. The site’s functionality is used by both ordinary users and serious traders. More precisely, they did. In past. At the moment, the exchange is not working and will never work. The fact is that at the end of 2020, the company’s servers were subjected to a carefully planned digital attack. Unknown hackers have done a tremendous job to paralyze an entire currency platform overnight. Despite all the protection methods used, Livecoin completely stopped its own work. Users’ money literally hung in the air.
Moreover, the hackers also attacked the organization’s backup servers. Thus, completely protecting the creators of the platform from their own brainchild. This is a blatant in its impudence, professional in terms of training attack. With one requirement – a money transfer to an unknown wallet.
How did Livecoin fight hackers?
It is worth noting that representatives of Livecoin tried to fight for their powers. Attempts were made to restore the operation of the system, appeals were drawn up to law enforcement agencies. The reaction was immediate – shortening the period for transferring the ransom and removing all materials from the site. The resource has turned into a regular page with a notification that attempts to counter them have been unsuccessful. The only way to solve the problem is through a money transfer. But the funds were not received by the hackers. Therefore, Livecoin will forever remain in a state of an incompetent, useless resource. Nothing remained of the eminent stock exchange. Let’s look at how company representatives react to the situation and how to recover their own funds.
Instructions for recovering money
The shutdown was reported via Twitter. The developers wrote that due to the technical and financial damage caused, further work of the resource is impossible. To recover funds, you must write an appeal to the creators of the platform by email. Enter your username and password for your account. This is sufficient to provide further guidance and verification required in the course of damages. Extremely important information: applications are accepted until March 17 of this year. After that date, the funds cannot be refunded.
And Livecoin will leave the cryptoindustry forever, leaving behind sad consequences. The performed attack will obviously show all crackers that even such an authoritative resource can be brought to its knees and broken. As ordinary users, we should additionally take care of our own safety. Remember to use reliable wallets. Do not store serious amounts of money on online resources. This is fraught with large, possibly irreparable losses.
Let’s fix the main thing – the application for the submission of funds should be drawn up by March 17, 2021. Follow all the news of the world of Blockchain and technology with us. We publish only high-quality, interesting material. Thanks for attention. Good luck!
