Livecoin.net Scam

[blurryeyed]

If they have allowed deposits since the hack but not withdrawals then they are thieves, plain and simple.

Exactly this. Not only that, but they allowed trading of the coin in full knowledge that customers couldn't withdraw.

Pure scammers.

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[TECSHARE]

Scammers continue to rob users by analogy with the MONA coin
https://www.livecoin.net/en/news/view/304

I think it is very interesting that they are making the insinuation that someone on the Monero development team executed the vulnerability to profit.   I wonder how much proof they actually have to bring up this allegation. It's disconcerting that they will freeze one of their users accounts for spreading "disinformation" about them, but then turn around and make an unfounded allegation against an established and trusted team. Monero is listed on several exchanges. I am not aware of any other exchange insisting that Monero return the lost funds. Weren't other exchanges hit with the same vulnerability? Or do hacker know to go to Livecoin for their exploiting endeavors?

I may be mistaken on the technical details here, but from my initial observation of these circumstances, it seems as if some type of node attack was used. Essentially the attack consists of an attacker setting up more nodes than the target, thus creating consensus on its chain  with a double spend TX faster than the target can. This basically creates a temporary localized fork and depends on a relatively weak network. The exchange server(s) recognize the attacker's transaction just long enough to get in and out of the exchange, then the network eventually invalidates the transaction as the attacking nodes are shut down. This is a combination of running a poorly managed exchange with too few active nodes to run its own transactions through, incompetent security management, and too few confirmations for deposit. I am sure I am explaining it clumsily, but that is the general mode of attack. The problem is from the outside it is hard to tell what happened which makes it easy to blame the dev team. However as others have pointed out, if it was a protocol issue, other exchanges would have been affected the same way. This is a very well known attack vector, and there is a good chance Livecoin is insolvent.

[mr.dash]

I think now we have to be very choosy about exchanges now a days almost all exchange is high risky we can't store our tokens and coins in exchange I also use this exchange called livecoin I have also doubts on it and you clear it now thanks for update mate

[malevolent]

I think now we have to be very choosy about exchanges now a days almost all exchange is high risky we can't store our tokens and coins in exchange I also use this exchange called livecoin I have also doubts on it and you clear it now thanks for update mate

Don't use exchanges as a place to store cryptocurrencies or tokens, get a hardware wallet. Other exchanges can also get hacked or start stealing from their customers.

[btc_angela]

I think now we have to be very choosy about exchanges now a days almost all exchange is high risky we can't store our tokens and coins in exchange I also use this exchange called livecoin I have also doubts on it and you clear it now thanks for update mate

Or if you wanted to leave tokens on an exchange, it should be enough for your trading but don't store all your crypto funds in an exchanges, even such as hacks or dissolution. Let that be a lesson to you. And we are not talking only about Livecoin but the rest of crypto exchanges out there.

[izooomrud]

I think now we have to be very choosy about exchanges now a days almost all exchange is high risky we can't store our tokens and coins in exchange I also use this exchange called livecoin I have also doubts on it and you clear it now thanks for update mate

Don't use exchanges as a place to store cryptocurrencies or tokens, get a hardware wallet. Other exchanges can also get hacked or start stealing from their customers.

When I bought MONA, the withdrawals was unavailable, after which the price fell sharply and I postponed the solution to this issue. After some time, I found out that the exchange with the developers had disagreements. I expressed my opinion on this matter and then you all know what came of it.   They delisted MONA coins and took them away forever, but thanks to all of you, I still managed to get my bitcoins back, with the help of which they blackmailed me. I came up with a way to thank everyone who sincerely helped me, I will inform about this later.  

In addition, if there is someone who can return 720 mona coins in court against thieves from livecoin, I am ready to give part of this amount for work, or tel me your price, please PM me.

And now they want to steal the MONERO coins of other users in the same way.

[Vadi2323]

When I bought MONA, the withdrawals was unavailable...

Why did you buy MONA which withdrawal was unavailable, shameless boy?

[izooomrud]

When I bought MONA, the withdrawals was unavailable...

Why did you buy MONA which withdrawal was unavailable, shameless boy?

Should I ask you before buy? Livecoin-yobit troll!

Maybe you ask why I did not check the water in the drain tank before shit? I just wanted to shit!  

[Hueristic]

When I bought MONA, the withdrawals was unavailable...

Why did you buy MONA which withdrawal was unavailable, shameless boy?

Damn , you check every coin you buy on an exchange to make sure it can be withdrawn first? I highly doubt that. Why don't you go back to the russian forums and troll there.

[Hhampuz]

When I bought MONA, the withdrawals was unavailable...

Why did you buy MONA which withdrawal was unavailable, shameless boy?

The only thing I would ask would be... When you bought MONA, and you now say that you could not withdraw that MONA when you bought it (how do you know?), why did you not sell that MONA and get your money back? Unless there was an extreme difference in buy/sell side and I mean extreme.

I won't tell you that every time I buy a coin I check that I can withdraw it.. I maybe wait about 5 minutes until I actually want to withdraw it (because holding any coin on any exchange is stupid).

[Hueristic]

When I bought MONA, the withdrawals was unavailable...

Why did you buy MONA which withdrawal was unavailable, shameless boy?

The only thing I would ask would be... When you bought MONA, and you now say that you could not withdraw that MONA when you bought it (how do you know?), why did you not sell that MONA and get your money back? Unless there was an extreme difference in buy/sell side and I mean extreme.

I won't tell you that every time I buy a coin I check that I can withdraw it.. I maybe wait about 5 minutes until I actually want to withdraw it (because holding any coin on any exchange is stupid).

Holding is but trading in the margins makes it a necessity to have coins on exchanges as you well know.

[Hhampuz]

When I bought MONA, the withdrawals was unavailable...

Why did you buy MONA which withdrawal was unavailable, shameless boy?

The only thing I would ask would be... When you bought MONA, and you now say that you could not withdraw that MONA when you bought it (how do you know?), why did you not sell that MONA and get your money back? Unless there was an extreme difference in buy/sell side and I mean extreme.

I won't tell you that every time I buy a coin I check that I can withdraw it.. I maybe wait about 5 minutes until I actually want to withdraw it (because holding any coin on any exchange is stupid).

Holding is but trading in the margins makes it a necessity to have coins on exchanges as you well know.

No, I don't know. I'm not a trader and I never hold coins on any exchange. If I need/want some coin I buy it and withdraw it ASAP.

[izooomrud]

The only thing I would ask would be... When you bought MONA, and you now say that you could not withdraw that MONA when you bought it (how do you know?), why did you not sell that MONA and get your money back? Unless there was an extreme difference in buy/sell side and I mean extreme.

I won't tell you that every time I buy a coin I check that I can withdraw it.. I maybe wait about 5 minutes until I actually want to withdraw it (because holding any coin on any exchange is stupid).

I bought for 0.3btc, after the dump the price for livecoins was 0.02btc, there was no point in selling

I keep all the coins on the exchanges, as this specifics of my work, i have about 25 exchanges

[nutildah]

I bought for 0.3btc, after the dump the price for livecoins was 0.02btc, there was no point in selling

The point in selling would be to have an extra 0.02 BTC that you don't have now, but you felt continuing your crusade was more valuable, somehow.

I keep all the coins on the exchanges, as this specifics of my work, i have about 25 exchanges

Your work is buying shitcoins, forgetting about them, and leaving them on exchanges for months or years on end?

You keep your coins on 25 different exchanges and you expect people to have sympathy for you when something goes wrong...  

[Hhampuz]

The only thing I would ask would be... When you bought MONA, and you now say that you could not withdraw that MONA when you bought it (how do you know?), why did you not sell that MONA and get your money back? Unless there was an extreme difference in buy/sell side and I mean extreme.

I won't tell you that every time I buy a coin I check that I can withdraw it.. I maybe wait about 5 minutes until I actually want to withdraw it (because holding any coin on any exchange is stupid).

I bought for 0.3btc, after the dump the price for livecoins was 0.02btc, there was no point in selling

I keep all the coins on the exchanges, as this specifics of my work, i have about 25 exchanges

But how do you know that you could not withdraw the MONA when you bought it?

Does your work entail seeing how much money you can get scammed out of?

[izooomrud]

I bought for 0.3btc, after the dump the price for livecoins was 0.02btc, there was no point in selling

The point in selling would be to have an extra 0.02 BTC that you don't have now, but you felt continuing your crusade was more valuable, somehow.

I keep all the coins on the exchanges, as this specifics of my work, i have about 25 exchanges

Your work is buying shitcoins, forgetting about them, and leaving them on exchanges for months or years on end?

You keep your coins on 25 different exchanges and you expect people to have sympathy for you when something goes wrong...  

I do not need the sympathy of the defenders of scam exchanges like you and vadi2323

If it comes to trial, I will return everything mona, not a miserable 0.02 btc

Why are you talking about buying shitcoins and not selling shitcoins on the exchange?

And this "shitcoin" is in the top 70 Coinmarcetcap.

But how do you know that you could not withdraw the MONA when you bought it?

lol, he was off

[nutildah]

If it comes to trial, I will return everything mona, not a miserable 0.02 btc

750 MONA * $1.45 = $1087.50 = 0.10788 BTC

So you're fighting for 0.08788 BTC, since you would have gotten 0.02 anyway. That's $887 in today's prices. You're going to take them to court for an extra $887? OK well, good luck to you. Obviously they're not giving you back your coins.

And this "shitcoin" is in the top 70 Coinmarcetcap.

Exactly my point.

BTW I still don't consider them a "scam exchange," but at this point I would say they do have questionable ethics.

Even if you do take them to court, the judge may rule their TOS cover their decision.

People on the forum can play lawyer all day long but nobody really knows until a judge rules on the matter. There's not exactly a set precedent for this type of thing. Even if there was, Livecoin may not be in the jurisdiction of the precedent ruling.

[izooomrud]

OK well, good luck to you.

Good luck you too, you will need when you protect scammers again

Also you can continue to rejoice that they stole my money and money other users, I do not mind

[Hhampuz]

But how do you know that you could not withdraw the MONA when you bought it?

lol, he was off

Que?

[izooomrud]

But how do you know that you could not withdraw the MONA when you bought it?

lol, he was off

Que?

wallet was turned off