A hack at a small Canadian crypto exchange left its users holding the bag Sunday, as MapleChange announced it had lost all its assets and would not be able to immediately refund its users. On Sunday afternoon, the exchange, which has Edmonton, Alberta listed as its location on Twitter, announced that a security breach allowed someone to steal all the assets it held. MapleChange added that it would not be able to refund the cryptocurrency until it investigates what happened. The hack followed MapleChange’s announcement Saturday on Twitter that it had upgraded its server and launched a version 2.0.0. https://twitter.com/MapleChangeEx/status/1056582662435954688 It’s unclear how MapleChange’s investigation is going, as the exchange…
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This pointless crypto selloff may have a point
If it’s the weekend and it’s a selloff, it must be Korea
Another exchange is hacked, and another selloff follows. It’s turning into a regular ritual in crypto land—if one sees a big drop in cryptocurrencies, merely google the words “bitcoin selloff” and “Korea” and you’ll get the news right away. This time, Coinrail was hit with a $40 million hack over the weekend, leading to a 10+ percent drop in bitcoin prices, along with others in the cryptocurrency complex. PANIC! PANIC! PANIC! PA—wait, what’s Coinrail? Quite frankly, we never heard of it. And neither have most people. It’s an insignificant exchange out of South Korea. Its volume doesn’t even show up on, say, CoinMarketCap or other sites when it comes to…
