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.
How is this anything other than being insolvent?
For a number of years you've been one of the biggest trolls on the forum and this is the last time I will dignify you with a response.
Insolvency is the inability to pay back debts. Livecoin has the ability -- they are choosing not to in the case of Monacoin holders. While I don't think this is the best approach to the situation, they are claiming their rights under their terms to do so. Besides, being "insolvent" usually refers to the entire state of a business. It seems to me that outside of their whole issue with Monacoin, other business operations remain entirely functional.
Somebody told me they were also having problems with XMR, I don't know anything about that. I have just been a casual user of Livecoin for almost 3 years and never once experienced any problems with them.