CRYPTONAIRE
WEEKLY CRYPTO investment journal
Crypto Exchange Livecoin Closes After Alleged Hack
Livecoin is shutting down citing lost control over its infrastructure. The platform promises to refund the clients requesting a substantial amount of personal data. Livecoin has warned of potential imposters. After an alleged hack in December 2020, Russian cryptocurrency exchange Livecoin has announced that it is going to shut down, but that it will refund its customers. “Our service has been damaged hard in technical and financial way. There is no way to continue operative business in these conditions, so we take a hard decision to close the business and paying the remaining funds to clients,� says the announcement published on January 16. The supposed attack on the exchange took place in the end of December 2020 when the price of Bitcoin was rallying past the $20,000 level. On December 23, when the largest cryptocurrency by market cap was changing hands at $23,000, its price on Livecoin soared to an unprecedented $450,000. Read more...
Cryptonaire Weekly | January 19th 2021
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