Mazda3 Posted October 11, 2018 #1 Posted October 11, 2018 Due to "critical problems with servers" cryptocurrency exchange Livecoin has temporarily suspended the input and output of funds from the platform. This is stated on the website of the exchange. On October 8, Livecoin users complained about problems with access to the platform. Then the exchange team reported on Twitter that there were problems with hosting and the developers were working on solving the problem. The next day a message appeared on the Livecoin site: “We had critical problems with several servers, including email and stored encrypted data, such as PIN codes, settings for white lists of IP-addresses, Google 2FA, API keys and checking when changing IP at login. They were not compromised, but were lost without the possibility of recovery. We also inform you that your passwords are not lost, they are in order. ” Due to problems with the mail server, some clients of the exchange received a notification that their funds were withdrawn from extraneous accounts. Due to the situation, Livecoin temporarily works in a limited mode so that platform clients “can restore their additional protection measures”. The exchange also suspended the deposit and withdrawal of funds for seven days. A source: https://twitter.com/livecoin_net/status/1049172386933821441
Kate Posted October 11, 2018 #2 Posted October 11, 2018 Well they should make a backup of the whole thing because running exchanges is very risky because It has a lot of funds
Moderator luizoruivo Posted October 11, 2018 Moderator #3 Posted October 11, 2018 Maybe they've been hacked? I do not understand much about it.
Etude Posted October 11, 2018 #4 Posted October 11, 2018 This sounds like a huge security breach. It is very unfortunate for those who had their funds withdrawn without their knowledge.
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