This is not true. It would seem Livecoin holds zero MONA coins, and you know this. They couldn't release your MONA to you if they wanted because, as they've already explained to you, they don't exist.
They've admitted to being insolvent? It seems really irresponsible to allow trading of assets they don't hold in custody.
If you are insolvent and can't fulfill withdrawals for a particular asset, you should de-list the market and come clean to your users. You shouldn't allow trading to continue on assets like this.
They did this at the time it happened, over 1 year ago. They posted a notice on their site saying all MONA withdrawals and deposits were suspended. I suspect the reason why the coin is still "traded" is because they didn't want to dismiss the chances of them eventually being reimbursed by the developer.
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.
Hello.
We're Livecoin Exchange, we're looking for contact of Monacoin developers. We have an urgent issue to discuss with them. It seems a security breach in Monacoin blockchain have taken place a few hours ago. We're hope to be wrong.
They apparently knew about the Monacoin attack before the developers did.
Livecoin was attacked through a selfish mining attack. This has nothing to do with the developers.