Hackers gained access to the Livecoin portal and modified exchange rates to 10-15 times their normal values.
Russian cryptocurrency exchange Livecoin posted on message on its official website on Christmas Eve claiming it was hacked and lost control of some of its servers, warning customers to stop using its services. According to posts on social media, the attack seems to have happened on the night between December 23 and December 24. Hackers appear to have taken control of the Livecoin infrastructure and then proceeded to modify the exchange rates to gigantic and unrealistic values. Before Livecoin admins managed to gain back access to some of their systems during late December 24, the Bitcoin exchange rate had ballooned from the regular $23,000/BTC to more than $450,000/BTC, Ether grew from $600/ETH to $15,000, and Ripple price increased from $0.
