An interesting message I found online
I have a new theory on what's going on. On December 2020 there have been (and continued on january) an historically high level of withdrawals from the exchanges ( see here
https://studio.glassnode.com/metrics?a=BTC&category&m=supply.LiquidChange&mAvg=0&mMedian=0&mScl=log&pScl=log&s=1554163200&u=1610074799&zoom ) . In some way Livecoin was seeing his wallets draining out and understood to be insolvent. This has been reported also on a token by his developer ( read here
https://www.reddit.com/r/CryptoCurrency/comments/kl0xm0/incent_ceo_proves_livecoin_cooked_their_books/?utm_source=amp&utm_medium=&utm_content=post_body ) . This mechanism would also justify why BTC wallet were closed on dec 23. The reason of the insolvency and lack of BTC could be many, bad programming or an ongoing long and slow hack. This happened on Bitgrail with nano coin. Also mtgox one day discovered to have a lack of 800k bitcoins, and it has never been clarified the reason. So what to do now? Livecoin could be sued for negligence. So they simulated an hack, but they did not have intention to scam initially. At this point, this would also explain the reason of the difficult kyc: the less ppl will make claim, the more they can solve debit. If this theory is true, we could make the kyc without too much worries, assuming that those requests are feasible. This would explain also:
-The BTC wallet locked before hack
-The telegram account deleted the day BEFORE hack
-The fact they did not bother changing the twitter account email
What do you think?