The Livecoin exchange pumped up the price of BTC on its platform and then closed.
The Russian stock exchange said that has undergone a "carefully planned attack" and asks customers to stop making deposits, trading or interacting with the exchange:
It is not yet clear if customer funds were affected, but 90 BTC were withdrawn from the Livecoin hot wallet.
285 ETH were moved from the exchange to the address that appeared in the recent hack of the Exmo crypto exchange.
Following the first cryptocurrency on the exchange, the prices of almost all cryptocurrencies soared tens of thousands of times. Ethereum is up 960% to $ 6,500.
In the Livecoin order book there are orders to buy UHTS by$ 300 thousand - $ 400 thousand. The same inflated orders were placed for other assets. The crypto community is confident in market price manipulation and an impending exit scam.
The daily trading volume, usually $ 50 million, has grown to $ 805 million.
This is not the first Livecoin scandal. In February, the platform was accused of embezzling $ 1.8 million in custom Monero coins that were stolen according to the platform's statement in 2018.
Subscribe to ForkNews on Telegram to stay up to date with the latest news from the world of cryptocurrencies