Crypto security is state of the art, or so it is believed but the hackers working breach these security lines are also using technology and codes at par with the security.
The buzz in media, on social media, and in the industry forced MapleChange out of their long slumber with a notification tweet.
MapleChange is the latest victim of what we have come to know as silent hacks that are revealed at a later point in time.
MapleChange released a report that states that owing to a “bug” unknown individuals or group successfully withdrew funds from their exchange.
The exchange declared bankruptcy at first stating that an investigation has been initiation and refunds cannot be made until the investigation is complete.
As the investigation came to close it was revealed to investors dismay that the exchange would not be able to refund their money. It was followed by a complete shutdown of the exchange website and social media accounts.
Lacking the transparency in their claim MapleChange faced heavy criticism in the industry and scam allegations.
MapleChange finally tweeted to clarify, “We have not disappeared, guys. We simply turned off our account temporarily to think this solution through. We cannot refund everyone all their funds, but we will be opening wallets to whatever we have left so people can (hopefully) withdraw their funds.”
The exchange, however, would not be refunding any Bitcoins or LiteCoins despite the exit scam claims and much-mounted pressure on the small timers behind this Canadian venture. The amount of Bitcoin alone is over nine hundred BTC or over five million United States dollars.