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A Chronological Account of The MapleChange Exchange Hack

Oct 30, 2018, 9:28AM
3 min, 53 sec READ is a small Canadian exchange that claims it was recently hacked, but many believe the company is attempting an "exit scam"

MapleChange, a small crypto exchange based in Alberta, Canada, has allegedly been hacked, resulting in the loss of all customer funds. Shortly after making an announcement on Twitter, the company vanished from social media, leaving many in the cryptosphere to speculate the exchange was attempting an “exit scam”. In a turn of events, the company has reactivated their social media accounts and is currently returning some altcoin funds to their clients.

MapleChange’s Twitter account reported the hack on October 28, ambiguously citing a “bug” as the reason why hackers were able to completely drain the exchange of their holdings,

When asked why the company had also suspended their discord and telegram channels, the company raised alarm bells with the following response,


At this point in the MapleExchange saga, many news outlets began reporting on a suspected “exit scam”, drawing parallels between MapleChange’s “hack” and the typical signs of an exit scam. The timeline of the hack seemed suspect, with the hack occurring outside of peak trading hours, and through the diligent work of @Maplechang’ed, a Twitter account looking to figure out what exactly had happened at, revelations were made about the identity of the owner, and the dubious registry information associated with the domain name was revealed, showing the domain was registered to ”Falvius P.”, an apparent pseudonym.

Shortly after news reports began surfacing about MapleChange’s hack, speculating on a potential exit scam, Maplechange’s Twitter account came back online, citing the temporary outage as an attempt to “think this solution through”,

To the company’s credit, MapleChange then offered up a discord server dedicated to processing refunds of certain altcoins, claiming the company thought it would be able to refund all coins EXCEPT for BTC and LTC,

Of course, the response from MapleChange’s customers is still largely rooted in skepticism, with most believing that the company is trying to hide their attempt at an exit scam. Many cite the almost immediate response from media outlets and the vigilante Twitter investigator(s) who discovered the CEO’s true identity, revealing compelling enough evidence to suspect foul play as the reason for their continued skepticism.

At the time of writing, there is no indication that MapleChange has been able to return BTC and LTC funds back to their clients, but the company’s Twitter account does appear to be actively issuing altcoin refunds. The company has been contacted via Twitter to offer an opportunity to comment on the progress of their hack reconciliation by the author of this article. will provide more information as the MapleChange story continues.

Disclaimer: information contained herein is provided without considering your personal circumstances, therefore should not be construed as financial advice, investment recommendation or an offer of, or solicitation for, any transactions in cryptocurrencies.