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Detail Analysis

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Date:

Status:

Count:

Contributor:

December 24, 2020

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Verified

1

zerofriction.io

Loss Amount:

-

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Recovered Amount:

-

Currency:

Dollars

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Exchange

Assets

Scams

Extended Method:

Server compromised, Rug Pull

Data Sources:

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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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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.