Server compromised, Rug Pull
Days in Operation:
Russian cryptocurrency exchange Livecoin posted on message on its official website on Christmas Eve claiming it was hacked and lost control of some of its servers, warning customers to stop using its services. According to posts on social media, the attack seems to have happened on the night between December 23 and December 24. Hackers appear to have taken control of the Livecoin infrastructure and then proceeded to modify the exchange rates to gigantic and unrealistic values. As previously reported by ZDNet, the alleged cyberattackers seizing control of Livecoin systems in order to tamper with exchange rate values. Bitcoin (BTC) exchange rates were changed from $23,000 at the time to over $450,000, and Ethereum grew from $600 to $15,000. Smaller cryptocurrency rates were also impacted.
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