Canadian Crypto Exchange MapleChange’s Alleged Theft Spurs Rumors of Exit Strategy Scam


Canadian Crypto Exchange Experiences Alleged Theft, Spurring Rumors of Potential Exit Strategy Instead

MapleChange is one of the latest cryptocurrency exchanges to come from Canada, but they recently experienced a loss of their funding, which allegedly included 913 Bitcoin, which was valued at $5.9 million at the time of the loss. However, due to the surrounding circumstances involving the loss, many experts in the industry are wondering if it is truly the theft that MapleChange claims, or if it is a way to swindle all of its users out of the funding they have invested.

https://twitter.com/MapleChangeEx/status/1056582662435954688

To help eradicate the rumors that MapleChange is using the “loss” as an exit strategy, they have promised to users that they will be investigating. However, they stated that they were unable to provide any refunds right now. On the post, they added,

“We are extremely sorry that it has to come to end like this.”

It seems that, especially by ending the post with that sentiment, it does not seem to have helped the matter very much.

https://twitter.com/iamjosephyoung/status/1056610591152922624

There are some websites that say that the original tweet, one that said that the company was shutting down their businesses and social media presence, had been deleted. About five hours later, they came back to dispel rumors that they were jumping ship on their project, saying:

https://twitter.com/MapleChangeEx/status/1056663998051975168

An hour after that post, a Discord server for refunds was opened, though the company noted that no refunds were available for BTC or LTC.

https://twitter.com/MapleChangeEx/status/1056671426172747778

The week before the reported hack, MapleChange was experiencing some success with a major surge in activity. After reaching just about $3,000 in their daily trading volume for the majority of October, it seemed to bounce between $10,000 and $65,000 in the few days before the hack. It dropped back down to about $5,000 when the website maintenance occurred on October 27th. When the hack happened, the two pairings that saw the most trades included CCX/BTC and LMO/LTC.

https://twitter.com/MapleChangeEx/status/1056589132237950976

https://twitter.com/MapleChangeEx/status/1056907264177500161

Of the tokens that MapleChange still has in their possession, they plan to refund the amounts back to the developers. So far, it claims to have returned funds to Lumeneo (LMO) and Carbon Credit Coin (CCX).

https://twitter.com/MapleChangeEx/status/1056907827078299648

https://twitter.com/MapleChangeEx/status/1056907999409659905

As of the time of this publishing, they have returned the following coins to developers:

https://twitter.com/MapleChangeEx/status/1056682345036636160

https://twitter.com/MapleChangeEx/status/1056921028423634944

https://twitter.com/MapleChangeEx/status/1056924072137768961

https://twitter.com/MapleChangeEx/status/1056930657148928000

https://twitter.com/MapleChangeEx/status/1056936446643195904

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide