No. Localbitcoins is legit and one of the oldest bitcoin p2p websites I know off.
Here what I think could have happened: You had a malware on your computer, which allowed a hacker to get access over your account and steal your coins by doing a fake trade with himself.
If that's the case, Localbitcoins can't do anything since Bitcoin transactions are irreversible. Which means that your coins are probably gone.
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
I do care more of my account's security then I do for myself, I do daily scans, download and run files on vps , use hard to break passwords , two step authenticators so hacking is not an option , someone told me that it is not deducted but it is "reserved" and released once both sides accept the trade, so let's see , waiting for hours now , payment window was around 5 hours so it should close soon or ...
this is ever happened to someone else before or me(also) and the problem do not come from localbitcoin but instead came from your PC/Laptop or yourself.
there are a lot of phising email whenever you try to log in to localbitcoin,
for example me right now,
i ever open up something from website or redirect my browser to other website when i try to loggin to my account.
after that in the next morning my account loggin by itself (so lucky because i never deposit my Bitcoin in there),
so far they are a legit company,but remember they are not an excanger but peer to peer(P2P) platform.
they did not sell anything or buy anything.