Quote from: Salvarth on July 19, 2017, 05:45:12 PM

An update from Livecoin.
Everyone who has funds on Livecoin will be able to withdraw them July 28.

TAO NEWS
Created 17.07.2017 20:57
Since there is no active community and only 3 clients are concerning about this coin, we have to make a decision on our own. Developer have contacted us with accusations only and no constructive offers.
Blockchain of this coin is broken. A lot of transactions after getting 3+ confirms reversed into -1 confirms and thus became invalid. Beyond that, a developer related accounts applied malicious schemes which were described earlier. Eventually a half of a balance are gone. We will split the rest of amount between holders. Withdrawal will be opened after July 28. In the beginning of August this coin will be delisted.

Oh, and here is the news in the words of Mr potato head from the tao slack:

Ever since we disallowed withdrawals, there's been no activity. We only have 3 customers left. When the developer accused us of making a simple but rectifiable mistake, we decided to reject his charitable offers. Unfortunately for you we are instead making our own decisions. We don't understand how blockchains work. We lost half of all the tokens you entrusted us to hold. Something something +3 something something -1, thusly something something duuuuuhr. Beyond that sorry, not sorry for our malicious conduct. We kindly ask our last 3 customers to leave. But you can't leave yet because we'll continue to hold your coins hostage till July 28th. After that, despite a clean reset, we'll further shoot ourselves in the foot by delisting the coin entirely.

Salvarth

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