Bitcoin (BTC) continues its positive performance by breaking new records in the last days of 2020.

From your side, scammers and hackers continue their suspicious activities by monitoring users of digital currencies and cryptocurrency exchanges.

We have previously mentioned in previous articles on Arab Bitcoin about the hacking of the “Livecoin” platform for trading cryptocurrency, you can return to the news from the link:

Cryptocurrency exchange Livecoin hacked after losing control of its servers

Price manipulation and bitcoin reaching 450 thousand dollars:

As a result of the hacking attack on the Livecoin trading platform, the value of the Bitcoin price has reached 450 thousand dollars.

Read:80% of Ethereum (ETH) coins are ready for “stacking”

The attackers manipulated the site’s operations and increased the value of Bitcoin from $23,000 to $450,000, while the value of Ethereum increased from $600 to $15,000, according to the platform’s statement:

Hackers altered the exchange rate of Bitcoin from $23,000 to over $450,000, Ethereum from $600 to $15,000, and XRP from $0.27 to over $17.

For information, the cryptocurrency exchange “Livecoin” occupies the 173rd place among all cryptocurrency exchanges in terms of trading volume.

The daily transaction volume of the platform amounted to a total of 16 million dollars.

After the hack, the trading platform’s employees lost control of the servers after the attack, but they reported it to the users.

Where the trading platform asked clients not to use the platform because the team lost control of it, the platform management stated the following:

We lost control of all our servers, backends, and nodes.

Thus, we were unable to stop our service on time.

Our news channels have also been hacked.

In the announcement, the company revealed that the backend of the trading platform was also under the control of hackers.

Read:Ripple paid MoneyGram $15.1 million in market development fees in Q2 2020

Only the front end was accessible to the management of the trading site, which made it possible to warn users of a planned attack.

It is worth noting that, until now, the size of the losses suffered by this platform has not yet been revealed.

AMLBot, a website that specializes in tracking stolen funds and money laundering operations, revealed that the bitcoin stolen from the Livecoin exchange went to the same wallet that the EXMO hackers used.

Read:Discussion: Is using a stop loss in crypto trading a bad option?

Just three days after EXMO was hacked, Livecoin has become the next victim.

Another scenario:

Users did not believe that the “Livecoin” platform was hacked, but rather carried out a fraud to steal users’ money, and some of these users cited what the “Livecoin” platform had done by suspending withdrawals one day before the incident, and also stopped withdrawals for small transactions hours before Advertising piracy.

The most suspicious thing is that Mr. Svetlana Geller has closed his account on Telegram.

Read also:

Six reasons why Bitcoin crossed the $25,000 level

Learn about the five best performing cryptocurrencies in 2020