THELOGICALINDIAN - The Russian cryptocurrency barter Livecoin has shut bottomward amidst accusations that it has pulled an avenue betray Customers are clumsy to abjure their funds and accept been asked to accommodate all-encompassing anecdotic advice which they abhorrence would advance to character annexation The barter claims that it was afraid in December
Livecoin Crypto Exchange Closes Down
The Russian cryptocurrency barter Livecoin appear Saturday the accommodation to abutting bottomward its platform.
The barter claimed in December that it was hacked. As news.Bitcoin.com reported, hackers allegedly manipulated the prices of several above cryptocurrencies, including bitcoin whose amount attempt up to $500K on the platform. Since the incident, users accept been aggravating to get their funds out of the barter with no success, which has led abounding to accept that the platform’s abettor pulled an avenue scam.
The announcement, acquaint on the Livecoin website in English and Russian on Saturday, reads:
‘Suspect’ Requirements to Get Money Back
To accept a refund, barter accept been asked to accelerate a appeal with their name and allotment date to an email abode provided by Livecoin. Users accept two months to book a claim, and March 17 will be the aftermost date that requests will be accepted.
Once barter email the antecedent request, the barter says they will accept “detailed instructions” on how to verify their claims. Livecoin declared that payments will alone be beatific afterwards barter canyon a “verification procedure.” While some users assert that Livecoin never replied to their emails, those who accustomed an email aback accept aggregate the analysis action on amusing media, which has seven accomplish for barter to complete in adjustment to authorize for a refund.
The aboriginal is for users to accommodate capacity of their aboriginal drop on the exchange. One user argued, “My annual is from 2024, it is absurd to apperceive my aboriginal deposit.” Many others allotment the dilemma, emphasizing that they can no best log into their Livecoin accounts.
In addition, barter charge accommodate a “high resolution scan” of their authorization or character card, affidavit of address, abundant advice of the accessory acclimated to log into the Livecoin account, as able-bodied as capacity of the agent of their funds. Furthermore, the barter additionally asked for a “Selfie with opened authorization of character card” and a video verification.
Users Cry Exit Scam and Possibly Identity Theft
One user tweeted to Livecoin: “I got [the] email but why [are] you allurement [for] too abundant abstracts like you appetite to accessible a coffer annual with my name. I can’t accept why you are accomplishing this.”
Another accurate the aforementioned concern, allurement Livecoin, “Why do you aggregate so abundant abstracts for a refund?” abacus that with such abstracts anyone can booty out ample loans. A third opined, “they ask too abundant and some accidental advice which is suspicious.” A fourth user wrote:
Livecoin’s barter on Twitter are affronted and afraid that they will not be able to get their money aback from the exchange. Furthermore, abacus insult to injury, Livecoin’s apprehension warns: “In case of corruption and threats in conversation, the affirmation can be declined.” One Twitter user concluded:
Do you anticipate this barter is affairs an avenue scam? Let us apperceive in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Twitter
