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Author Topic: Livecoin.net Scam  (Read 9809 times)
suchmoon
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July 16, 2019, 12:42:49 PM
 #301

Livecoin announced that MONA will be delisted in two weeks.

Given that withdrawals are not possible - anyone with a MONA balance on Livecoin gets fucked, including those who owned "real" pre-attack coins.

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July 16, 2019, 02:33:37 PM
 #302

Livecoin announced that MONA will be delisted in two weeks.

Quote
MonaCoin news

Created 16.07.2019 11:51

Dear customers.
Due to the fact, that in May, 15, 2018, MONA asset had been attacked, and its blockchain was compromised. Many customers - holders of the said coins, as well as exchanges, from which MONA coins were stolen completely or partially, suffered considerable losses.
Our Exchange was no exclusion, it was exposed to financial losses, too, because of the attack.
We were the first to contact the developer and point out the problems with blockchain. There has been many publications on this issue, including some major online news websites.
ccn.com
reddit.com
bitexpert.io
cryptor.net
bestinvestpro.com
bloomchain.ru
decenter.org
whattonews.ru
newsbtc.com

You will also find other exchanges' customers requests, addressed to the said asset developers, demanding to solve this problem.
github.com
github.com

In case of damage caused through actions or inactions of developers/owners of the asset, namely, security breach of the blockchain/network, we always seek to claim compensation for losses from the developers, as they bear full responsibility for their product. We have been trying to get compensation from MONA developers for a long time, all without success, they refused to bear responsibility for the damage inflicted on their project. In this connection, we are forced to delist the asset within 2 weeks.
The deposit/withdrawal of this asset is impossible given the lack of MONA coins stolen during the attack on Mona blockchain. The trade will remain opened until the last day.

We are still willing to dialogue with the developers, if you want to get Mona coins for withdrawal, please, contact them, demanding a compensation for MONA network breach. If they make up for the harm caused by hacking of their project, we shall immediately distribute coins, received from the developers, between all customers.
https://www.livecoin.net/en/news/view/261

     This solution is not acceptable at all.  The Mona holders would be better off if Livecoin socialized the losses among current Mona holders, get on the new chain, and let the Mona holders withdraw the coin. Retaining the Mona coins and having the individual holders attempt to get them from the developers is ludicrous. Also, it is despicable that they will continue to allow trading on this dead asset.
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July 16, 2019, 02:53:41 PM
 #303

Livecoin can try to speak with Monacoin and try to solve this instead of not letting users withdraw and delist
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July 16, 2019, 02:56:15 PM
 #304

The Mona holders would be better off if Livecoin socialized the losses among current Mona holders, get on the new chain, and let the Mona holders withdraw the coin

I'm not sure I understand what you mean by this. As far as I'm able to grasp the concept, it is about spreading losses among everyone, even those not affected by the situation (like Bitfinex altcoin holders). In other words, socializing the losses only among the current holders of the Mona coin (which is to be delisted) is not much different from just delisting it (what the exchange is going to do anyway)

What am I missing?

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July 16, 2019, 03:36:38 PM
Merited by bones261 (2)
 #305

I'm not sure I understand what you mean by this. As far as I'm able to grasp the concept, it is about spreading losses among everyone, even those not affected by the situation (like Bitfinex altcoin holders). In other words, socializing the losses only among the current holders of the Mona coin (which is to be delisted) is not much different from just delisting it (what the exchange is going to do anyway)

What am I missing?

Delisting means bagholders get nothing (they can't withdraw) and Livecoin gets to keep whatever actual MONA it still has. Livecoin should at least distribute existing real on-chain MONA covering at least a fraction of users' balances. Unless you're saying that Livecoin has 0 MONA coins, which is certainly possible and would make the whole scam even more egregious.

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July 16, 2019, 04:58:15 PM
 #306

Unless you're saying that Livecoin has 0 MONA coins, which is certainly possible and would make the whole scam even more egregious

Well, that's not me, actually

Losses are losses and if they are to be socialized, everyone thus "socialized" will get financially punished. What you suggest is more about paying back but if they didn't do that before why they are going to do that now? Anyway, if the Mona withdrawals as well as deposits have been disabled, it is quite possible they don't have the coins unless they bought them elsewhere. In this manner, delisting the coin is a form of loss socialization in its own right

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suchmoon
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July 16, 2019, 05:13:21 PM
 #307

Well, that's not me, actually

Losses are losses and if they are to be socialized, everyone thus "socialized" will get financially punished. What you suggest is more about paying back but if they didn't do that before why they are going to do that now? Anyway, if the Mona withdrawals as well as deposits have been disabled, it is quite possible they don't have the coins unless they bought them elsewhere. In this manner, delisting the coin is a form of loss socialization in its own right

Where did the coins disappear then? The 51% attack pretty much by definition couldn't "destroy" existing main chain coins that Livecoin supposedly had in their wallets. So if the balance is now 0 then either Livecoin had lost them before the attack, or they sold them off after the attack while customers were unable to withdraw.

I really don't understand the rest of your argument. Sounds like an attempt to justify the scam with word games.

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July 17, 2019, 02:08:24 AM
 #308

These scammers have deprived me of the opportunity to sell this mona. They also continue to illegally withhold my BTC. And all this happens only because I publicly spoke about the problem with MONA!

Livecoin.net CКAM, oбвинeниe TУT. Пoддepжaть флaги пpoтив cкaмepoв и нaпиcaть им oтзыв мoжнo TУT. Livecoin is SCAM accusation HERE. Support flags against scammers and write a feedback HERE
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July 19, 2019, 06:41:52 AM
 #309

LiveCoin started a new signature campaign https://bitcointalk.org/index.php?topic=5166711.0

Daily Free Raffle Wall of Fame (https://bitcointalk.org/index.php?topic=3910520.msg52468663#msg52468663)
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July 19, 2019, 07:41:02 AM
 #310

LiveCoin started a new signature campaign https://bitcointalk.org/index.php?topic=5166711.0

recruting new scammers
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July 19, 2019, 12:19:18 PM
 #311

LiveCoin started a new signature campaign https://bitcointalk.org/index.php?topic=5166711.0

Surely it doesn't look good. After hhampuz decided to end the campaign instead of solving the issue between the OP and the exchange they started a new campaign.

They don't understand how things work here at all.

It is really sad despite all the warnings and all the chances they had to solve the issue, they went this way and ignoring what people say.

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July 19, 2019, 12:30:48 PM
 #312

LiveCoin started a new signature campaign https://bitcointalk.org/index.php?topic=5166711.0
I believe they will choose most of spammers. Since here is open scam accusation, I think any reputed user will apply there. Perhaps their signature will end up like Yobit. They should resolve that accusation and hire a well reputed managers. However, I am little bit late on this thread, so I will take a look all of reply here before make any judgment.

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July 19, 2019, 01:26:42 PM
 #313

A month passed after they blocked my account for publicly criticizing their work. They continue to blackmail me so that I delete everything that I have said here, otherwise they will not return anything to me! The only thing they did was Mona coins delisting, which I now cannot sell even for the pennies they offer in return, because my account is blocked.
 Sad

Livecoin.net CКAM, oбвинeниe TУT. Пoддepжaть флaги пpoтив cкaмepoв и нaпиcaть им oтзыв мoжнo TУT. Livecoin is SCAM accusation HERE. Support flags against scammers and write a feedback HERE
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July 19, 2019, 01:51:51 PM
 #314

A month passed after they blocked my account for publicly criticizing their work. They continue to blackmail me so that I delete everything that I have said here, otherwise they will not return anything to me!

Would you mind sharing that blackmails to us so we can see, that the LIVECOIN shouldn't be here and atleast be banned. With those mails that you were saying, many will be saved and on the later part, this site will fall. If they continue their habbit on making such behaviour then who knows what can they do to others, and as for the OP, there might be no chances on retrieving your finances, so I think you should consider this now, as for the fact LIVECOIN doesn't want to answer the allegations.




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July 19, 2019, 01:59:13 PM
 #315

A month passed after they blocked my account for publicly criticizing their work. They continue to blackmail me so that I delete everything that I have said here, otherwise they will not return anything to me! The only thing they did was Mona coins delisting, which I now cannot sell even for the pennies they offer in return, because my account is blocked.
 Sad

Why did you withdraw your flag?

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July 19, 2019, 02:02:42 PM
 #316

A month passed after they blocked my account for publicly criticizing their work. They continue to blackmail me so that I delete everything that I have said here, otherwise they will not return anything to me! The only thing they did was Mona coins delisting, which I now cannot sell even for the pennies they offer in return, because my account is blocked.
 Sad

Why did you withdraw your flag?

WOW! What is that?! I don't know how it happened, maybe some kind of mistake! Thanks!

Livecoin.net CКAM, oбвинeниe TУT. Пoддepжaть флaги пpoтив cкaмepoв и нaпиcaть им oтзыв мoжнo TУT. Livecoin is SCAM accusation HERE. Support flags against scammers and write a feedback HERE
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July 19, 2019, 03:56:21 PM
 #317

LiveCoin started a new signature campaign https://bitcointalk.org/index.php?topic=5166711.0
I believe they will choose most of spammers. Since here is open scam accusation, I think any reputed user will apply there. Perhaps their signature will end up like Yobit. They should resolve that accusation and hire a well reputed managers. However, I am little bit late on this thread, so I will take a look all of reply here before make any judgment.

The reward is very huge and very tempting and you can really earn a lot if you completed that 50 posts, they did not specify the number of people they are going to accept, so there is a possibility that they can accept as many people that they want and would like to apply.

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July 19, 2019, 04:41:03 PM
Last edit: July 19, 2019, 09:02:05 PM by mindrust
 #318

LiveCoin started a new signature campaign https://bitcointalk.org/index.php?topic=5166711.0
I believe they will choose most of spammers. Since here is open scam accusation, I think any reputed user will apply there. Perhaps their signature will end up like Yobit. They should resolve that accusation and hire a well reputed managers. However, I am little bit late on this thread, so I will take a look all of reply here before make any judgment.

The reward is very huge and very tempting and you can really earn a lot if you completed that 50 posts, they did not specify the number of people they are going to accept, so there is a possibility that they can accept as many people that they want and would like to apply.

It is not worth getting all the hate from the well established members. (you may even get tagged for this)

Yobit had great rewards too, look what happened to them. Many yobit signature carriers got a sig ban for months.

It is very clear, respected members of the forum aren't applying for this campaign any more.

Sometimes your reputation is more important than getting a few satoshis.

I really wish Livecoin had sorted this out, as I sent my applications to their campaign several times before.




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July 19, 2019, 08:17:46 PM
 #319



Sometimes your reputation is more important than getting a few satoshis.




match point dude Smiley
i think always reputation > money

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July 19, 2019, 09:01:26 PM
 #320



Sometimes your reputation is more important than getting a few satoshis.




match point dude Smiley
i think always reputation > money

That "sometimes" was just a figure of speech. Of course it is always more important than a few satoshis.  Cheesy




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