Exit Scam or Hack? Canadian Cryptocurrency Exchange Drama

MapleChange, a cryptocurrency exchange based in Edmonton in Canada, claims to have had all its money stolen. Many do not believe this story because the exchange deleted its internet presence, before re-appearing after people published the address of the owner.

‘We have no more funds to pay anyone back’

Tracking this story through the migraine-inducing tunnels of Twitter, the facts appear to be as follows:

• 22.10.18 – MapleChange boasted of handling trades worth a total of 9.837 BTC ($63,693).
• 27.10.18 – MapleChange temporarily took the site down in order to upgrade the server, which it said was completed successfully.
• 28.10.18 – MapleChange informed users via its Twitter profile: “We have sustained a hack, and we are investigating the issue.”
• 28.10.18 – MapleChange informed users via its Twitter profile: “Due to a bug, some people have managed to withdraw all the funds from our exchange. We are in the process of a thorough investigation for this. We are extremely sorry that it has to come to end like this. Until the investigation is over, we cannot refund anything.” See more...