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Topic: Livecoin.net Scam - page 2. (Read 13625 times)

legendary
Activity: 2450
Merit: 1225
December 29, 2020, 05:56:48 AM
Update.

A few days ago, we can access the website and check all the prices of each coin in their exchange but have a red warning to not use any exchange! I tough they already taking back the website control.

And guess whats? after the livecoin website back to them, they got hacked again  ~LOL


Seem like the hacker was also asking for some money based on his message.
legendary
Activity: 3528
Merit: 4042
December 28, 2020, 05:05:55 AM
hack or bug, perhaps users in this situation should be very cautious about using it
honestly it's what I would be very scared of (so scared)

even if it will not be anything to worry about, better be a little paranoid
legendary
Activity: 3332
Merit: 6809
Cashback 15%
December 27, 2020, 02:56:05 PM
LOL so they lost control of the power plug too... There are so many ways to shut the server off (e.g. DNS) but they choose to let the users get fucked.
Not being a tech geek, I don't really understand servers and those sorts of things--but Livecoin's stated reasons for them having problems didn't ring true in my ears nevertheless.  And I'll say it again: if your exchange has such shitty security that (apparent) hacks like this can happen, you probably shouldn't be running any sort of crypto exchange.  It's not like it's not common knowledge that hackers are probably trying to get into every single exchange out there, nor that these security breaches have happened many times in the past.

It really sounds fishy.
Of course it does.  I don't believe a word of what Livecoin is telling the public.  I seem to recall that Cryptsy pulled this same scam back in 2016 (or whenever it was that they ran away with all of their customers' funds). 
legendary
Activity: 3472
Merit: 1721
December 27, 2020, 12:27:34 PM
I've never heard of Exmo or Altilly.  They must be very small exchanges with no security.  I'm so tired of this crap.  If you can't have proper protections in place so that your clientele can't lose everything to a hack, you've got no business running a crypto exchange.

Exmo's a small/medium sized exchange largely serving the CIS region. They are rumoured to have had some connections with BTC-e/WEX. They claim to have lost 6% of the users' funds and are supposed to eat the losses themselves. They are known for freezing funds and asking for sources of said funds, but that's not that unusual nowadays; I wouldn't put them in the same league in terms of scamming or bad governance as Livecoin.
legendary
Activity: 2319
Merit: 1288
Encrypted Money, Baby!
December 27, 2020, 12:03:25 PM
LOL so they lost control of the power plug too... There are so many ways to shut the server off (e.g. DNS) but they choose to let the users get fucked. Livecoin at its best.
It really sounds fishy. Separating backend and frontend, ok, makes sense. But the whole "we only control those pixels which allow the warning box to be displayed" thing sounds weird. If they gave any fucks about their customers, they'd disable the frontend completely to at least prevent online traders (not sure if they have an API) from getting rekt.
From what they write, they cannot be certain if their data is still genuine, so there's no reason whatsoever to still keep this thing running… at least not if the situation is as they describe it.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
December 27, 2020, 09:09:42 AM
LOL so they lost control of the power plug too... There are so many ways to shut the server off (e.g. DNS) but they choose to let the users get fucked. Livecoin at its best.
legendary
Activity: 3332
Merit: 6809
Cashback 15%
December 26, 2020, 08:29:55 PM
This is the main reason why the prices of some prices there goes 800% or so, btc/usdt even reach $1M lmao
Sure, that's basically what happened when Mt. Gox was heading to hell in a flaming handbasket back in 2013/14.  The problem of course is that nobody could be sure they'd be able to withdraw their funds even if they made a profit--and so it is with Livecoin right now. 

When I go to the site, it appears that you're still able to log in, though I haven't tried to.  If they're really under attack and if they know their customers' funds are potentially unsafe, they're being irresponsible by not just keeping that warning message as their front page instead of allowing customers to log in (unless they're functional again, but I doubt it).

In the past 10 days a number of exchanges have been hacked, Exmo, Livecoin, Altilly.
I've never heard of Exmo or Altilly.  They must be very small exchanges with no security.  I'm so tired of this crap.  If you can't have proper protections in place so that your clientele can't lose everything to a hack, you've got no business running a crypto exchange.
jr. member
Activity: 200
Merit: 1
December 26, 2020, 07:43:38 PM
Hi everyone, if there is anyone here who lost their funds in Livecoin scam accident, feel free to sign the following petition to the authorities: http://chng.it/BFPG7Yq5VF
full member
Activity: 384
Merit: 150
December 26, 2020, 11:24:37 AM
How reliable the exchange is, it is periodically hacked and something is stolen.
But still are rascals who say at the first opportunity that this is "serious service".
And since such hacks occur constantly and they never contact the police, this once again proves that they themselves are engaged in theft.



However are good people who supported my flag before, when this exchange robbed me, thanks to this flag, many people today did not lose their money, thank you.

Since then, even I somehow forgot about them, even about the fact that they stole 2k usd from me. And here they are again with the clear intention of deceiving someone. So let this black PR company follow them and everyone who helps them!
More recently, I suspected that they didn't just launch a new ad campaign and here's the result.
member
Activity: 167
Merit: 16
Safex is a scam
December 26, 2020, 12:31:15 AM
Seems like a hack and not an exit scam, i was trading SFT and i saw how someone was putting 1 million SFT orders at 0.00000020 BTC, once the order get filled another new order for the same amount and price appeared, this happened all day before they shut down.
In the past 10 days a number of exchanges have been hacked, Exmo, Livecoin, Altilly.
Altilly looking more like an exit scam because they have a thread here and i am not able to post, why is that?
https://bitcointalk.org/index.php?topic=4502934.220


I found this other and is open
https://bitcointalk.org/index.php?topic=5166945.0;all
copper member
Activity: 2142
Merit: 1305
Limited in number. Limitless in potential.
December 24, 2020, 03:48:42 PM

I believe the hacker was also set up an instant trade to raise the price for every coin price and the hacker could sell his coin with the highest price.
This is the main reason why the prices of some prices there goes 800% or so, btc/usdt even reach $1M lmao





How I wish that's really the price.
legendary
Activity: 2450
Merit: 1225
December 24, 2020, 03:23:56 PM
the hack is real, or if this is an exit scam, I don't think many people will place much trust in Livecoin in the future.
99.99% real.

They posted by themself:
Quote
-Losing control to all sever, node, backed
-Social media also compremise

I believe the hacker was also set up an instant trade to raise the price for every coin price and the hacker could sell his coin with the highest price. I have some token on LIVECOIN but keep put my order since more than 1 years ago, doesn't care at all because the token was pretty shit.
legendary
Activity: 3332
Merit: 6809
Cashback 15%
December 24, 2020, 03:18:26 PM
I was just about to post a screenshot of their website in its current state, but I was beaten to the punch--and that's fine by me.

Looks like they've either pulled an exit scam or, if you take them at their word, are under some kind of attack.  Since I don't know what the truth is, I'll refrain from judgement, but at least they're not letting customers deposit funds.  The bad part is that you can't even log in, and I don't doubt there are some folks who've kept substantial amounts of crypto on Livecoin, and it's now questionable whether they'll ever get it back.  Hopefully they can.

Shit, I got lucky and didn't leave a balance there after my last trade.  This is why you don't use exchanges as a wallet.
copper member
Activity: 2870
Merit: 2298
December 24, 2020, 03:13:35 PM
...if you happen to notice any other weird things going on with Livecoin don't hesitate to bump this thread.  I know I'd be very interested in hearing about any red flags.

Quote from: LiveCoin.net
ATTENTION!!!


Dear clients, we ask you to stop using our service in all meanings: don't deposit funds, don't trade, don't use API. We are under a carefully planned attack, which has been prepared, as we assume, over the last few months. We lost control of all of our servers, backend and nodes. Thus, we were not able to stop our service in time. Our news channels were compromised as well. At the moment, we partially control frontend, and so we're able to place this announcement. We're fighting hard to get back our servers, nodes and funds, we're working 24/7. News and next update will come up in the next few days. We're working in contact with local police authorities. We really do our best to overcome this issue.
My gosh that is bad.

Regardless of if the hack is real, or if this is an exit scam, I don't think many people will place much trust in Livecoin in the future.
legendary
Activity: 1153
Merit: 1174
https://t.me/laser9un
December 24, 2020, 02:09:49 PM
...if you happen to notice any other weird things going on with Livecoin don't hesitate to bump this thread.  I know I'd be very interested in hearing about any red flags.

Quote from: LiveCoin.net
ATTENTION!!!


Dear clients, we ask you to stop using our service in all meanings: don't deposit funds, don't trade, don't use API. We are under a carefully planned attack, which has been prepared, as we assume, over the last few months. We lost control of all of our servers, backend and nodes. Thus, we were not able to stop our service in time. Our news channels were compromised as well. At the moment, we partially control frontend, and so we're able to place this announcement. We're fighting hard to get back our servers, nodes and funds, we're working 24/7. News and next update will come up in the next few days. We're working in contact with local police authorities. We really do our best to overcome this issue.
hero member
Activity: 1358
Merit: 850
December 24, 2020, 02:03:28 PM
Right after I sent the bitcoin the site went into "maintenance mode" for about 18 hours during which time I couldn't log in.  That's one hell of a welcome for a new customer.
A coincidence I guess. Binance had in maintenance mode the other day exactly when BTC started to get dumped. It happens. I had used livecoin; not many times but TBH I'm a happy customer till now.

What is going on with Livecoin?
Withdrawals suspended for most coins.
Prices of coins trading up to 700% the real price
BTC trading at 249000 USD
https://archive.is/29YXa

They had gone maintenance; probably there's a bug.

Edit- I just have noticed a few alts changed x%, I would have been a wealthy person if that's what happening  Cool
legendary
Activity: 3332
Merit: 6809
Cashback 15%
December 24, 2020, 01:11:14 PM
What is going on with Livecoin?
Withdrawals suspended for most coins.
Prices of coins trading up to 700% the real price
BTC trading at 249000 USD
Huh.  I don't know anything about withdrawals being suspended or bitcoin going for a crazy amount like that, but I did use them yesterday for a Curecoin trade and was able to withdraw the Cure I bought with no problems.  If I saw correctly, bitcoin was deposit-only when I was on the Livecoin site, though I'm not sure why.

I don't fully trust Livecoin, but like DaveF I'll continue using them for small trades because they're basically one of two exchanges that list Curecoin.  Bittrex is the other, but they require KYC and even though I tried to go through their process it still failed. 

Safexscam, if you happen to notice any other weird things going on with Livecoin don't hesitate to bump this thread.  I know I'd be very interested in hearing about any red flags.
member
Activity: 167
Merit: 16
Safex is a scam
December 24, 2020, 10:21:30 AM
What is going on with Livecoin?
Withdrawals suspended for most coins.
Prices of coins trading up to 700% the real price
BTC trading at 249000 USD
https://archive.is/29YXa
legendary
Activity: 3458
Merit: 6231
Crypto Swap Exchange
December 15, 2020, 08:19:49 PM
Don't use Livecoin exchange - scam, they steal your coins without or with any shitty reasons.
I'm bumping this thread just to relay my experience yesterday and today with Livecoin--I'd never used them before, but they're one of the only exchanges that has Curecoin listed, and I wanted to buy some.

The bottom line for me is that I was able to deposit about $30 worth of bitcoin and convert it to and withdraw Curecoin, but it was a huge pain in the ass.  Right after I sent the bitcoin the site went into "maintenance mode" for about 18 hours during which time I couldn't log in.  That's one hell of a welcome for a new customer.

Then today I was finally able to log back in and do the trade, though they don't allow withdrawals until you've waited 5 minutes after you've logged in.  Maddeningly stupid.  My impression is that they're sort of like Yobit, which is hit or miss as far as reliability is concerned.  I was convinced in those 18 hours I was waiting that they'd just scammed me outright, but I was wrong.  I'm not sure if I'll be doing any more trades with them, however.

Sort of the same experience I've had with [input any exchange here] except for binance (even though they've had their own issues too).. Bottom line is that so far I've not heard of a single reputable member of this forum being scammed by livecoin, I have however heard of reputable members who have used them time and time again with no issues at all.

And yes, I'm still salty about how this entire thing turned out, lol. (Nothing against you The Pharmacist!)

Part of the loop is not scamming is not the same as not being a shitty exchange.

As you said, for the most part all of them suck in one way or another.

Biggest issue is that when something does happen (like the MONA issue that started this thread) everyone who has had an issue (like Pharm not having access for 18 hours) shows up and it turns into a crap show.

Now, some of the better exchanges will come in and work though it, others will become aggressive. Some will ignore. How they deal with it matters.
Much like The Pharmacist I have used them and will use them, because they have coins I trade. I also know that like any other exchange they can take my money and run at any minute. And I use it as such. The OP left his coins on the exchange, and as we know not your keys not your coins. He was wrong. How they handled is was not good either. Everyone pounding on after the fact just made it worse.

You see it still (was worse when there were more pools) in the mining section. (-ck / kano) and people arguing about who is correct / better. And all the other crap.
https://bitcointalk.org/index.php?topic=5250876.0;all

-Dave
legendary
Activity: 2828
Merit: 5894
Meh.
December 15, 2020, 03:11:32 PM
Don't use Livecoin exchange - scam, they steal your coins without or with any shitty reasons.
I'm bumping this thread just to relay my experience yesterday and today with Livecoin--I'd never used them before, but they're one of the only exchanges that has Curecoin listed, and I wanted to buy some.

The bottom line for me is that I was able to deposit about $30 worth of bitcoin and convert it to and withdraw Curecoin, but it was a huge pain in the ass.  Right after I sent the bitcoin the site went into "maintenance mode" for about 18 hours during which time I couldn't log in.  That's one hell of a welcome for a new customer.

Then today I was finally able to log back in and do the trade, though they don't allow withdrawals until you've waited 5 minutes after you've logged in.  Maddeningly stupid.  My impression is that they're sort of like Yobit, which is hit or miss as far as reliability is concerned.  I was convinced in those 18 hours I was waiting that they'd just scammed me outright, but I was wrong.  I'm not sure if I'll be doing any more trades with them, however.

Sort of the same experience I've had with [input any exchange here] except for binance (even though they've had their own issues too).. Bottom line is that so far I've not heard of a single reputable member of this forum being scammed by livecoin, I have however heard of reputable members who have used them time and time again with no issues at all.

And yes, I'm still salty about how this entire thing turned out, lol. (Nothing against you The Pharmacist!)
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