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Crypto Exchange Livecoin Begs Users to Stop Trading After Losing Control of Servers
Livecoin asked clients to stop making deposits and trading after suffering a "carefully planned attack."
Cryptocurrency exchange Livecoin claims to have suffered what it called a "carefully planned attack."
STORY CONTINUES BELOW
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The Russian exchange said in a web post 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.
Livecoin CEO Ivona Zlatova did not respond to a request for comment by press time.
This story will be updated.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
