Livecoin Exchange to Delist BitConnect

Livecoin exchange will delist BitConnect (BCC) on March 7
19 February 2018   923

Livecoin cryptocurrency exchange has announced on February 7 that it will delist BitConnect (BCC) assets on March 7, suspending BCC withdrawal and trading.

Dear clients, please withdraw BCC before March 7. This asset will be delisted. Withdrawal and trading will not be available after March 7. Please don't deposit BCC.

 

Livecoin statement

Bitconnect closed on January 16 its lending and exchange platform, providing three main reasons for the halt of lending and exchange platform: the continuous bad press that created a lack of confidence in the platform, two Cease and Desist orders from Texas and North Carolina and DDos attacks on the platform.

In December, Ethereum founder Vitalik Buterin and Litecoin founder Charlie Lee, have spoken up against Bitconnect, calling it a Ponzi scheme.

Charlie Lee bcc

Meanwhile, BitConnect continues to raise funds to finance its ICO BitconnectX, promoted by an army of promoters in Indonesia and Asia.

$60M Stolen From Zaif Exchange

As a result of the attack, which occurred as early as September 14, 4.5 billion yen owned by its users were stolen from the hot wallets of the exchang
20 September 2018   292

Hackers were able to steal almost $ 60 million in cryptocurrencies from the Japanese crypto-exchange Zaif, Cointelegraph reports.

As a result of the attack, which occurred as early as September 14, 4.5 billion yen owned by its users were stolen from the hot wallets of the exchange, as well as 2.2 billion yen, which was the company's assets. Thus, the total loss of Zaif amounted to 6.7 billion yen or about $ 59.7 million.

Tech Bureau Inc, which is the operator of Zaif, in a press release says that it found a server error on September 17, after which the input / output of funds on the exchange was suspended. September 18, the company realized that the error was caused by a hacker attack, and reported the incident to the Financial Services Agency of Japan. Hackers stole 5,966 bitcoins, as well as assets in Bitcoin Cash and MonaCoin.

According to Tech Bureau Inc, Fisco Digital Asset Group will help to partially compensate for the damage caused to users by providing 5 billion yen ($ 44.5 million). Tech Bureau agreed with Fisco to dismiss more than half of its directors and corporate auditors, and Fisco in turn will become its main shareholder.

Earlier this year, Zaif already recognized the existence of a "system malfunction", using which, the clients of the exchange were temporarily able to credit trillions of dollars in their accounts with bitcoins.