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Hackers Attack Livecoin And Alter Crypto Exchange Prices
FIRST I WANT TO SAY THAT I AM WRITING THIS ARTICLE AND OR STORY FOR THE FACT THAT IM JUST FINDING OUT THIS AND WHY ISNT THIS MAIN NEWS FOR US CRYPTO PEOPLE AND WHY LIVECOIN EXCHANGE HASNT EMAILED NO ONE ABOUT GETTING THERE FUNDS.
Livecoin, a Russian-based crypto exchange, has been hacked. The hackers managed to change the rates of cryptos traded on the service to earn quick and massive profits. That hack happened over the night of December 23–24. The exchange published on its site on Christmas Eve that the service was subject to a:
“carefully planned attack” that it suggested may have been planned “over the last few months.”
In that hack, the firm lost control over all of its servers, back ends, and nodes along with the ‘new channels’ presumably referring to various social media accounts. The clients were urged to stop using this service, which includes not depositing funds, trading, or using the site’s application programming interface.
Normally a hack of a crypto exchange comprises of the theft of crypto from a hot wallet. That might have happened as well although things became strange when the hackers went ahead and changed the exchange rates offered on various cryptos. Reports from ZDNet revealed that those behind that attack set the exchange rate for BTC to $450,000…
