Quote from: xtraelv on July 09, 2019, 11:04:44 PM

One complaint initiated the thread - there are more complaints. I posted this earlier in the thread. I think the fact that their legal structure appears to be based on untruths is concerning.

They've been around since 2014 -- 5 years is a long time to build up an epic exit scam by crypto standards.

Quote from: squatter on July 09, 2019, 07:36:39 PM

I provided links to several other complaints about Livecoin. You're focusing on the OP, but to me, Livecoin's confirmed practice of permanently disabling wallets in these situations is scam behavior. Doing so causes the market to price in their insolvency. This effectively passes on all losses to depositors, who are left holding worthless un-backed tokens on Livecoin that can't be withdrawn. That's why XMR is 70% cheaper than everywhere else.

Its true, this is what happened -- they have permanently disabled 2 wallets, and that's not good. However, its not because they felt like selectively scamming MONA and XMR holders. They were the victims of thieves who took advantage of weaknesses in the coins' respective code to steal coins from Livecoin. It is Livecoin's philosophy that this is the fault of the coin developers and not their own. You don't have to agree with it, and there's no doubt they should have tighter security measures in place, but they are not just going around scamming people at random.

Quote from: TECSHARE on July 09, 2019, 11:25:34 PM

You mean people don't want to come forward and post about a problem with an exchange that locks your funds for doing so? Shocking!

Yeah because nobody in the history of the forum has ever created a second account Roll Eyes

Quote from: IMadeYouReadThis on July 10, 2019, 04:54:20 AM

People just shut down their critical thinking skills when they are out for blood I guess.