Russian Cryptocurrency Exchange Begs Users to Stop Using the platform After Losing Control of Servers

Livecoin, a Russian cryptocurrency exchange, suffered what is called a “carefully planned attack.”

Through a web post Thursday, the Russian exchange said “lost control of all of our servers, [backend] and nodes” and pleaded with clients to cease making deposits, trading or interacting with the exchange. “We were not able to stop our service in time,” the post added.The post did not provide enough evidence about the loss of client’s fund in the breach. Meanwhile, CoinGecko charts indicate Livecoin usually handles about $805 million in daily trading volume. However, in the last 24 hours, volume climbed to $50 million.

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