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Old 10-28-2018, 03:49 PM   #1
brassmonkey
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:stop Canadian Bitcoin Exchange ‘Hacked,’ Says All Funds are Gone

A small Bitcoin exchange based in Alberta, Canada, has gone offline. Before their Twitter page went offline, MapleChange had announced on Twitter that they “[had] no more funds to pay anyone back.”

In the way of an explanation, the exchange had, approximately one hour before deleting its Twitter page, said that a “bug” had enabled “some people” to withdraw all of the funds on the exchange. Educated readers may recall a time when Mt. Gox claimed similar problems. The handling of the two cases by their administrators was dramatically different. In the case of Mt. Gox, attempts were made to repair the damage, although they resulted in worse damage. They went so far as to near-nakedly manipulate the Bitcoin price in an attempt to recoup lost customer funds before anyone found out.

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

By contrast, Coinbase has over 1 million followers on Twitter and lesser-known altcoin exchange C-Cex has nearly 100,000. In short, cryptonaughts are generally highly active on Twitter and the viewership on that platform is a semi-decent way to judge the popularity of a product or service in the space.

article...
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Old 10-28-2018, 04:00 PM   #2
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WOW............
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Old 10-29-2018, 11:43 AM   #3
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Another one bites the dust. BTC 1.0 is dead man walking. Long live 2.x
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Old 10-29-2018, 01:22 PM   #4
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Yup. Bitcoin is taking another beating today.
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Old 10-29-2018, 03:50 PM   #5
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BTCis being traded thin as fuck...even binance is going to shit...they took the money and ran...meanwhile I made some nice $$$ on a ADA short on bitmex...
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Old 10-29-2018, 05:43 PM   #6
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Even coinbase has had some major bugs. Fortunately, Coinbase is very generous with bug bounties I don't think a small exchange can afford those 10 grand payouts though.
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