Small Canadian Bitcoin exchange reportedly pulls exit scam with user's funds

posted 7 months ago
A small Bitcoin exchange based in Alberta, Canada, has gone offline. MapleChange announced on Twitter that they had "no more funds to pay anyone back.” The exchange said that a “bug” had enabled “some people” to withdraw all of the funds on the exchange. Some may recall a time when Mt. Gox claimed similar problems. $6 million in user's funds are missing.

The relatively small exchange's Twitter account only has ~2,000 followers. Many people are saying the MapleChange “hack” has all the signs of an exit scam. Firstly, the exchange is reportedly in debt. 2nd, right after the hack the exchange deleted all social media, effectively totally disappearing. The domain itself, registered at GoDaddy by one “Flavius P,” is not regarded as being "professionally named." Also, the timing of the "hack" was early on Sunday morning when people are asleep. The exchange says they'll refund user's altcoins but not Bitcoin nor Litecoin.
Tags: bitcoin, news