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Russian cryptocurrency exchange Livecoin has announced that it is shutting down after witnessing a “carefully planned attack” last month.

“Our service has been damaged hard in technical and financial way,” said Livecoin on Saturday. “There is no way to continue operative business in these conditions, so we take a hard decision to close the business and paying the remaining funds to clients.”

It is not clear how much money is left. Livecoin also never announced how much money its users lost in the so-called server attack. According to The Block Research, users lost at least $3.3 million worth of funds at the attack time. The current value of those funds is more than $5.4 million.

In terms of coins and tokens, Livecoin users lost 106 bitcoin (BTC), 380 ether (ETH), 236 bitcoin cash (BCH), 567,000 XRP, 66.8 million DOGE, 56,000 Tether (USDT), and some other ERC-20 tokens, per The Block Research.

Data on the remaining funds isn’t clear, and Livecoin could not be contacted by press time.

“Our clients have to contact us via email verification@livecoin.news to get payments after passing verification procedure. We accept claims for payments for the next 2 months. 17 March 2021 is the last day of accepting your requests, after this date no new requests will be accepted,” Livecoin said in the announcement.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Maps.me, an offline mapping app that boasts 140 million users worldwide, has raised $50 million in a seed funding round led by Alameda Research in an effort to build a decentralized finance ecosystem inside the map app.

Other investors including Genesis Trading and CMS Holdings also participated in the round, according to an announcement from Alameda on Monday.

The goal is to launch an embedded multi-currency wallet inside Maps.me, which provides travel guides and map services as well as allows users to participate in yield-earning finance and to win cashback via transactions through the wallet. 

“By embedding and democratizing access to yield-earning finance to millions of users via an everyday app, Maps.me has the potential to really propel DeFi mainstream adoption and bring a groundbreaking technology to the masses,” said Sam Bankman-Fried, founder and CEO of Alameda Research and also crypto exchange FTX.

“We’re excited to be working with our partners to create a DeFi ecosystem on a platform that has already achieved scale in terms of its number of users, and which will expand services that are closely linked to financial needs,”Maps.Me’s co-founder Alex Grebnev said in the statement.

According to the release, over 58% of the Maps.me users come from the European continent and over 70% between the ages of 18-40. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.