Canadian Bitcoin Exchange ‘Hacked,’ Claims Funds Are Gone

A small Bitcoin exchange based in Alberta, Canada has ceased operations. Prior to their Twitter page going offline, MapleChange had revealed on Twitter that they “had no more funds to pay anyone back.”

As a way of explaining, the exchange has, only about one hour before closing its Twitter page, noted that a “bug” had allowed “some people” to withdraw all of the funds on the exchange. Educated readers may recollect a time when Mt. Gox claimed similar problems. The administrators of both firms handled the cases quite differently. For Mt Gox, efforts were made to repair the damage, but they caused further damage. They went to the extent of near-nakedly manipulating the Bitcoin price in an effort to recover lost customer funds before it was discovered by anyone.

The MapleChange Twitter account has less than 2,000 followers.

Coinbase, on the other hand, has more than 1 million followers on Twitter and lesser-known altcoin exchange C-Cex has almost 100,000. To sum it up, cryptonaughts are usually highly active on Twitter and the users on that platform are a testament to the popularity of a product or service in the space.