Quote from: squatter on July 07, 2019, 09:46:46 PM

They've admitted to being insolvent? It seems really irresponsible to allow trading of assets they don't hold in custody.

Seems like you're purposefully trying to conflate insolvency with being the victims of theft. They are obviously not insolvent, they simply don't have the Monacoin to reimburse their holders, and whether you agree with it or not, they feel they did not violate the terms of their agreement with their customers, and are under no obligation to reimburse them.

Quote from: squatter on July 04, 2019, 08:28:20 PM

Suspending withdrawals while allowing trading is not enough. That's what scammer exchanges do. Instead of compensating their depositors in any way -- like other exchanges have done with debt tokens and periodic buybacks -- they allowed the market to price in the insolvency so that MONA holders got completely screwed. Obviously, Livecoin wants to be made whole by the developers -- which will never happen -- and they've decided to pass on the losses to depositors.

This is actually pretty commonplace in exchanges. Poloniex, Bitfinex and others have passed losses on to their customers in the way of "haircuts." Not saying its a great thing, but these exchanges will also point to clauses in their terms that legally allow them to do this. When somebody shorted CLAMS into near oblivion a couple months back, Poloniex passed their losses on to all BTC lenders.

Quote from: nutildah on July 07, 2019, 05:30:08 PM

Livecoin was attacked through a selfish mining attack. This has nothing to do with the developers.

Incorrect. Maybe you just made a typo, but it was Monacoin that was attacked. They were targeted because of their particularly vulnerable difficulty readjustment mechanism. A few other coins using the same Lyra algorithm were also attacked around the same time period:

Quote from: Matthias9515 on July 07, 2019, 04:22:25 PM

Livecoin is a reliable exchange that has been running smoothly since 2014 and I have used it in the past. In addition, Hhampuz is a great campaign manager, one of the most trusted members of the forum.

In my first post about this topic, I mentioned that I am a major investor in the coin called Hdac, which uses the Lyra2Rev2 algorithm. I had a huge financial loss when Hdac got attacked, so I can empathize with the OP. Nevertheless I've never thought accusing any exchange because of my loss after the attack on Hdac because i was thinking it's Hdac's team fault. It's exactly the same thing here.

[1] [Warning] Hdac MainNet Malfunction Found
[2] [Announcement] Cooperation Request for All Hdac Mining Partners

Although we warned them with our investor group about Lyra2Rev2 algorithm, they ignored our warnings and allowed this attack.

One week after the attack on 6 September 2018 with Dayun Zig Z1, the price of the HDAC increased to 2x
https://coinmarketcap.com/currencies/hdac/

Two weeks after the attack on 17 May 2018 with Dayun Zig Z1, the price of the MONA increased to 3.5x
https://coinmarketcap.com/currencies/monacoin/

One month after the attack on 5 December 2018 with Dayun Zig Z1, the price of the VTC increased to 3x
https://coinmarketcap.com/currencies/vertcoin/

These three coins, despite our warnings, took no action on this issue.