Another crypto exchange was allegedly hacked or more probably exit-scammed today – this time it was a small and relatively unknown Canadian exchange MapleChange. The social media channels of the exchange swiftly proclaimed lack of funds to pay out their users and shutting down of all social media profiles.
The exchange claims there was a bug on their system which was exploited by the hacker to withdraw all funds and basically leave the exchange completely bankrupt.
Aaaaand it’s gone. If you were @MapleChangeEx trader, you just lost everything.
“some people have managed to withdraw all the funds “
This shit will continue in crypto until they bring out the handcuffs en masse.#exitscam ? pic.twitter.com/My23ws4W1h
— Dade (@dadetrading) October 28, 2018
How much does Twitter charge users per hour? According to Maplechange they had to destroy all their social media accounts because of costs. According to Google Cache they only had 8051 users and 1.3181 BTC daily volume pic.twitter.com/Gjmjm1osOG
— Rolf (@rolflobker) October 28, 2018
I doubt this will end up like this – just a quick notification of hack, short goodbye to the users and we are out. This is real money, this is real criminal and regulators and law enforcement will definitely look into this. Crypto world has had enough of episodes like this one – scammers arranging a very timely and fitting hack for themselves, they grieve about it on Twitter and disappear from the face of the earth.
Crypto Twitter obvisously doubts “the hack” :
Lose all your users' funds due to a hack or theft (?) and instead of doing the right things, just delete your social media accounts and take your website down?
What about security and transparency as your core values?
Nice work MapleChange ???#cryptosec #cryptocurrency pic.twitter.com/ObEBOKbebq
— ? Spooky Jackie ? (@find_evil) October 28, 2018
Location….#Maplechange #scammer pic.twitter.com/al9D3xqZ9u
— maplechang'ed (@Maplechanged) October 28, 2018
Looks like they deleted their account. I figured they would since they also deleted their discord and some other social media accounts. My guess is this was an inside job/exit scam connected to the recent site upgrade.
Anyway, I took a screenshot before they deleted. pic.twitter.com/RLV1d8ik5i
— Matt Odell (@matt_odell) October 28, 2018
I know the developer and it was a bug with their new upgrade that allowed some customers to double spend. Thant being said, the people who found the bug withdrew their funds in BTC leaving MapleChange in an impossibility to pay back their customers.
As for the social media, they were shut down due to too many threats.
Thanks for the comment! However, there is no proof for what you are saying, so it is more likely an exit scam than an honest security gap exploited by a hacker.