bitcoin-hits-$500k-on-russian-crypto-exchange-after-hackers-take-control-—-users-cry-exit-scam

Bitcoin Hits $500K on Russian Crypto Exchange After Hackers Take Control — Users Cry Exit Scam

Cryptocurrency buying and selling platform Livecoin claims that it has been hacked after the crypto neighborhood noticed the worth of bitcoin shoot as much as half 1,000,000 bucks. Meanwhile, users are complaining that they might be able to’t withdraw their funds, suspecting the replace of pulling an exit rip-off.

$500Okay per Bitcoin on Livecoin Trade

Russian cryptocurrency replace Livecoin claims that it suffered a security breach over Christmas after the crypto neighborhood noticed the worth of bitcoin and other cryptocurrencies flit exponentially on the replace above their market prices.

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Bitcoin used to be reportedly buying and selling at about $500,000, while ETH surpassed $15,000, and XRP rose above $17. At other exchanges, BTC is for the time being buying and selling at spherical $24,813, ETH at $630, and XRP at $0.31.

Bitcoin Hits $500K on Russian Crypto Exchange After Hackers Take Control — Users Cry Exit Scam
Bitcoin’s tag chart in USD on the Livecoin replace showing $500okay per bitcoin.

Meanwhile, a series of users are complaining on social media that their deposits were now not credited to their accounts and in addition they’re going to additionally now not withdraw their funds from the replace. This has prompted many to suspect an exit rip-off.

Livecoin as a result of this truth posted a message on its web position on Christmas Eve asking potentialities to end using its products and services. “Don’t deposit funds, don’t replace, don’t exercise API,” the awareness reads, adding:

We are below a fastidiously deliberate assault, which has been ready, as we have interaction, over the last few months. We lost administration of all our servers, backend and nodes.

Bitcoin Hits $500K on Russian Crypto Exchange After Hackers Take Control — Users Cry Exit Scam
The attention posted on the Livecoin replace.

The attention continues, “we were now not in a discipline to end our service in time … We are working in contact with local police authorities. We certainly enact our handiest to overcome this location.”

Enact you suspect Livecoin is exit scamming? Enable us to understand in the comments section below.

Sing Credit rating: Shutterstock, Pixabay, Wiki Commons, Livecoin

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