NB: Not sure why old domain isnt in use( livecoin.net)
They got hacked--at least that's the story, and I don't know if they ever got access to their original site back. I'm sure someone here who's been following the drama surrounding Livecoin will have the answer to that one. I have been reading their ANN thread, but there hasn't been much communication from Livecoin in it.
I still don't know what to believe, whether the hack was real or if this is some kind of weird non-traditional exit scam. Assuming there actually was a hack, it's scary to think that an exchange could lose control of their site like that. Hopefully other exchanges have better security measures in place than Livecoin did, but it's not like any of them make that information public.
Glad to see customers getting at least some of their funds back, and if everything is what it seems to be, this could have been a hell of a lot worse. I won't mourn Livecoin going out of business, though.