Post
Topic
Board Scam Accusations
Re: Livecoin.net Scam
by
deisik
on 07/07/2019, 18:15:20 UTC
If LiveCoin is so reputable, and they knew about the MONA attack within a few hours, why did they keep trading the asset?  Why didn't they shut it down?

Did you read nutildah's post?

Reputable exchanges don't keep trading assets they suspect are under 51% DDoS attacks.  Coinbase shuts down assets at the slightest inclining of an attack.  It pisses off their customers to no end, but guess what, nobody loses hundreds of thousands of dollars

This doesn't make them scammers

As I said in my post, the only accusation that can loosely count as a scam attempt is locking OP out of his account. The things you mention further in your post are irrelevant to the accusation. They are inconsequential. The approaches that LiveCoin has taken to deal with the attack and mitigate the aftereffects may not have been the best. They in fact can be even the worst possible (technically, we don't know the gory details, so it is actually a moot point). But then again, that alone doesn't turn LiveCoin into scammers. Though you can always call them incompetent if you please