Cryptocurrency exchange Livecoin announced Saturday it will shut down after a claimed hacker attack on the platform last month. No amount for losses arising from the breach was disclosed. The firm said: "Our service and team bear hard losses as well as our clients."

Livecoin said it will accept claims for refunds until March 17, after which no new requests will be accepted. Users will need to email the exchange and pass verification procedures before they can be awarded refunds, the post said.

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