Hackers demand money for Livecoin
You know, digital hackers sometimes simply lose their limits of insolence, starting to break all sorts of limits and openly declare their own actions. Something similar is happening with the Livecoin digital platform right now. A well-known exchange was hacked, and after an attempt to restore the site’s functionality, the content of the resource was completely replaced with a very impudent message. Next, we will consider the details of the current situation, highlighting the features and possible consequences of the event. So let’s get started.
In fact, we are not talking about some little-known resource, but about a fairly popular platform that is in demand among traders from all over the world. Livecoin services are regularly used by millions of initiative blockchain fans. Rather, they used it until recent events. After all, a very characteristic page has been opened in front of Livecoin visitors for several days. Below is a screenshot showing that hackers do not leave the company time to make decisions. And this happens in 2021 with one of the most popular digital exchanges of our time. To understand possible scenarios for the development of events, one should delve into the background, find out what preceded the current state of affairs.
It all started back on December 24, when the value of digital assets on the platform suddenly jumped to unprecedented levels. For example, the price tag for the first digital currency increased by a couple of thousand dollars, which became a signal of the beginning of illegal actions with the site’s functionality. The hackers’ actions also affected the withdrawal of funds. Exchange users could no longer cash out their own accounts. Money hung in the air, the platform was cut off from the rest of the industry. But that was just the beginning. Soon, the head of the company deleted its own Telegram account, and the company completely lost its own functionality.
What will happen to exchange? Who is behind the hack
Let’s answer the second question first. It is obvious that exceptional specialists are behind this digital attack. These are real masters who carefully planned each of their future steps and made a phenomenal raid. As a result, the project representatives not only lost the opportunity to contact the audience, they, in fact, lost their own company. Lost access to servers, no way to use the nodes and go to the corporate website. In addition, large financial losses are evident. According to the lowest estimates, users of the exchange lost 106 Bitcoins, 361 Ethereum and 236 BCH coins.
At the time of this writing (01/02/2021, 1:28 PM, GMT +3), the amount of losses was $ 3 million 455 thousand. This is phenomenal money, which, quite possibly, was compromised by the creators of the platform. A theory appeared on the Web that the founders of Livecoin themselves were behind the hack. This point of view is supported by the aforementioned deletion of the Exchange leader’s account. And also the complete lack of support from the site owners. The moderators do not react in any way to the numerous appeals of angry users, do not clarify, do not name the time frame during which the exchange is planned to be restored.
In general, the year starts with really interesting events. All Livecoin users are strongly advised to prepare for huge financial problems. It is quite possible that in the near future the representatives of the platform will not deal with compensation for losses. So it will take determination, endurance and attention in such a difficult time. Be vigilant, save your money and follow all the news of the crypto industry with us. We publish only high-quality, interesting material. Thanks for attention. Good luck!