Canadian Crypto-Exchange is obliterated by a $6m dollar hack

Hackers allegedly made off around $6m on the back of a little-known Canadian cryptocurrency exchange, but some suspect to be an exit scam, not a hack.
MapleChange revealed on Twitter that it had been affected by an outrageous hack and was investigating the issue.

“Due to a bug, some people have managed to withdraw all the funds from our exchange. We are in the process of a thorough investigation for this,” it continued in a separate tweet soon after. “We are extremely sorry that it has to come to end like this. Until the investigation is over, we cannot refund anything.”

The Canadian firm confirmed that is unable to refund any Bitcoin or Litecoin funds to its users, and it is trying to do so for other currencies, asking customers to PM their details.
In this scam, around 913 BTC ($5.8m) were apparently ‘stolen’, in which some reports suggest that this might actually be an exit scam.

The firm still appears to be active on Twitter, but its domain is now defunct.
Remember everything can be hacked. In order to stay away from any threats related to the cyber world, we recommend the install of antivirus for Windows or antivirus for Mac on every device that you own, depending on which OS your device is running. If you are a company, it is also recommended to hire every year a specialized cybersecurity company that will run annual tests on your company’s network. These tests include penetration testing and ethical hacking tests;

Researchers warn that there is no good in using small exchanges because they focus on maximizing profitability, not security or investor protection. They also recommend everyone to use established exchanges that are regulated, & transparent

For example, Changpeng Zhao, CEO of the world’s biggest Bitcoin exchange, Binance, argued that customers should steer clear of exchanges which don’t store funds in cold wallets. These are typically more secure than hot wallets as they’re not connected to the internet.

Keep in mind that our modern society is dependent on computers, mobile devices, and the use of the internet always stay safe and secured.
We would continue to monitor this cybersecurity problem. Meanwhile, users should keep a keen eye out for any cyber attacks. Remember to use an antivirus for Windows or antivirus for Mac in every device that you own, depending on which OS your machine is running, If you are a company we recommend to hire every year a specialized cybersecurity company that will run annual tests on your company’s network, tests like this include: penetration testing and ethical hacking.