Livecoin

Livecoin operates as a cryptocurrency exchange that enables users to buy, sell, and trade a variety of digital assets through its web platform, API interfaces, and mobile applications. Founded in 2014 and headquartered in Russia, the exchange provides market access to a global user base seeking to trade major coins such as Bitcoin and Ethereum as well as lesser‑known tokens. Its core service revolves around matching buy and sell orders while offering custodial wallets for deposited funds, and it has historically promoted low‑fee trading to attract retail and institutional participants.

Prior to the December 2020 security breach, Livecoin reported that it ranked 173rd among cryptocurrency exchanges worldwide in terms of trading volume, with an approximate daily turnover of $16 million. The platform indicated that it served traders from multiple jurisdictions, although the exact geographic distribution of its user base was not disclosed in the available sources. The exchange’s trading infrastructure included backend servers that supported order matching, market data feeds, and communication channels for API and mobile clients.

The exchange’s distinguishing attributes include its exposure to sophisticated, months‑long planning by attackers, as evidenced by the 2020 incident in which threat actors seized control of backend systems and manipulated asset prices to extreme levels before withdrawing funds. Livecoin publicly urged users to halt transactions via APIs and mobile apps while partially restoring frontend access to announce the breach, and it reported the event to law enforcement despite some user speculation about possible insider involvement. An earlier incident in August 2018 was linked to a Monero code vulnerability that resulted in losses exceeding $18 million, highlighting a recurring focus on financially motivated attacks targeting the exchange’s software components.

Ownership details for Livecoin are not explicitly stated in the provided sources, and no information about parent or subsidiary relationships is available from the disclosed incidents or public descriptions. Consequently, the profile refrains from speculating on corporate structure and relies solely on the confirmed facts regarding the exchange’s services, scale, notable security events, and operational history.