Livecoin suffered a loss of 1.8 mil worth of Monero a few months ago.
https://latesthackingnews.com/2018/08/05/monero-wallet-vulnerability-loss-of-1-8-million-to-livecoin-crypto-exchange/https://www.reddit.com/r/monerosupport/comments/braxxp/livecoinnet_xmr_wallet_offline/Livecoin Crypto Exchange Suffered Loss Of XMR
According to a recent report, Livecoin crypto exchange suffered a significant loss. The exchange claimed it lost 15108 XMR worth $1.8 million. The exchange noted some inappropriate transactions on July 20, 2018, after which they confirmed the loss.
Livecoin expresses its dismay that Monero developers did not inform them about the risks or the need to limit Monero transactions. Now, they have halted XMR transactions for an indefinite time, probably until further negotiations between the exchange and Monero developers.
20.05.2019 17:35Support (assistant):
Hello
A vulnerability have been detected in this asset software. In course of negotiations, the developers refused to take responsibility for their software, that is why deposit and withdrawal of this coin have been suspended. If you have difficulties with this asset, or you have questions about the time when it will be enabled again, please, address the developer, because it depends entirely on the developer.
Monero has been on maintenance for months, and no news when they will bring back online the wallet, also other coins that are forks of Monero are on maintenance, like SFT and SFX.
It seems that all Monero forks coin got attacked on Livecoin, my advice is to get rid of all the Monero and Monero forks you hold on livecoin, sell them for BTC and withdraw from there as soon as possible.
I have such a question for the administrators of the LiveCoin exchange how can you delist Monero (XMR) without the right to withdraw a coin by users of the exchange? This means only one thing that all the Monero coins that users on the exchange have on the exchange wants to assign on 30.08.2019, that is, this is a blatant assignment of funds from traders by the LiveCoin exchange. What is the fault of the Monero holders on your LiveCoin exchange that you take their legitimate money from them? If you had problems with hacking and with Monero developers in the summer of 2018, why should LiveCoin traders pay for this in August 2019? If you respect yourself as a exchange and your users, then you should give the opportunity to withdraw Monero after delisting the coin, or is there a second option that is not to delist Monero but to continue trading on it as you did since the summer of 2018 and the third option to buy Monero from traders of your LiveCoin exchange at market value if you intend to delist a coin without the right to withdraw. Otherwise, it will be just a blatant robbery of LiveCoin exchange users, and in this case, we LiveCoin traders will draw up a group lawsuit for LiveCoin in court and SEC for the appropriation of funds of exchange users.