MapleChange Exchange Hacked - Revision history

Azoundria at 18:54, 1 May 2023

2023-05-01T18:54:14Z

← Older revision		Revision as of 12:54, 1 May 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/maplechangeexchangehacked.php}}		{{Imported Case Study 2\|source=https://www.quadrigainitiative.com/casestudy/maplechangeexchangehacked.php}}
	{{Unattributed ~~Citations~~}}		{{Unattributed Sources}}

	Investigation shows that assets on the exchange were not properly stored, and the initial handling of the incident was extremely poor. The exchange at first shut down their website and removed all social media accounts, before later reversing the decision. The exchange since made some efforts to refund certain alt coins, however there has been no report of any bitcoin or litecoin being returned. A group on Twitter continues attempting to prosecute the team, believed to be based in Romania.		Investigation shows that assets on the exchange were not properly stored, and the initial handling of the incident was extremely poor. The exchange at first shut down their website and removed all social media accounts, before later reversing the decision. The exchange since made some efforts to refund certain alt coins, however there has been no report of any bitcoin or litecoin being returned. A group on Twitter continues attempting to prosecute the team, believed to be based in Romania.

	This exchange or platform is based in Canada, or the incident targeted people primarily in Canada.		This exchange or platform is based in Canada, or the incident targeted people primarily in Canada.<ref name="ccn-27" /><ref name="ccn-28" /><ref name="maplechangedtwitter-57" /><ref name="bitcoinist-58" /><ref name="bitcointalk-59" /><ref name="kylegibson-86" /><ref name="ciphertrace-91" /><ref name="blockexplorer-162" /><ref name="bitcoinexchangeguide-218" /><ref name="slowmisthacked-1160" />
	<ref name="ccn-27" /><ref name="ccn-28" /><ref name="maplechangedtwitter-57" /><ref name="bitcoinist-58" /><ref name="bitcointalk-59" /><ref name="kylegibson-86" /><ref name="ciphertrace-91" /><ref name="blockexplorer-162" /><ref name="bitcoinexchangeguide-218" /><ref name="slowmisthacked-1160" />

	== About MapleChange ==		== About MapleChange ==
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	!Description		!Description
	\|-		\|-
	\|October 1st, 2018 12:01:07 AM		\|October 1st, 2018 12:01:07 AM MDT
	\|Main Event		\|Main Event
	\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
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	\|		\|
	\|}		\|}

			== Technical Details ==
			This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

	== Total Amount Lost ==		== Total Amount Lost ==
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	== Ongoing Developments ==		== Ongoing Developments ==
	What parts of this case are still remaining to be concluded?		What parts of this case are still remaining to be concluded?
			== General Prevention Policies ==
			Coming soon.
			== Individual Prevention Policies ==
			{{Prevention:Individuals:Placeholder}}

			{{Prevention:Individuals:End}}

			== Platform Prevention Policies ==
			{{Prevention:Platforms:Placeholder}}

			{{Prevention:Platforms:End}}

			== Regulatory Prevention Policies ==
			{{Prevention:Regulators:Placeholder}}

	== Prevention ~~Policies ==~~		{{Prevention:Regulators:End}}
	~~Coming soon.~~

	== References ==		== References ==
	<references><ref name="ccn-27">[https://www.ccn.com/newsflash-canadian-bitcoin-exchange-hacked-says-all-funds-are-gone/ Newsflash: Canadian Bitcoin Exchange 'Hacked,' Says All Funds are Gone] (Feb 3, 2020)</ref>		<references><ref name="ccn-27">[https://www.ccn.com/newsflash-canadian-bitcoin-exchange-hacked-says-all-funds-are-gone/ Newsflash: Canadian Bitcoin Exchange 'Hacked,' Says All Funds are Gone] (Feb 4, 2020)</ref>

	<ref name="ccn-28">[https://www.ccn.com/hacked-canadian-bitcoin-exchange-maplechange-returns-to-twitter-opens-refund-chat-room/ Hacked Bitcoin Exchange MapleChange Returns, Discloses Refund Plan] (Feb 3, 2020)</ref>		<ref name="ccn-28">[https://www.ccn.com/hacked-canadian-bitcoin-exchange-maplechange-returns-to-twitter-opens-refund-chat-room/ Hacked Bitcoin Exchange MapleChange Returns, Discloses Refund Plan] (Feb 4, 2020)</ref>

	<ref name="maplechangedtwitter-57">[https://twitter.com/Maplechanged maplechang'ed (@Maplechanged) \| Twitter] (Feb 6, 2020)</ref>		<ref name="maplechangedtwitter-57">[https://twitter.com/Maplechanged maplechang'ed (@Maplechanged) \| Twitter] (Feb 7, 2020)</ref>

	<ref name="bitcoinist-58">[https://bitcoinist.com/canada-maplechange-exit-scam/ 'We Have No More Funds': Canadian Exchange MapleChange Exit Scams - Bitcoinist.com] (Feb 6, 2020)</ref>		<ref name="bitcoinist-58">[https://bitcoinist.com/canada-maplechange-exit-scam/ 'We Have No More Funds': Canadian Exchange MapleChange Exit Scams - Bitcoinist.com] (Feb 7, 2020)</ref>

	<ref name="bitcointalk-59">[https://bitcointalk.org/index.php?topic=4366622.0 <nowiki>[ANN][EXCHANGE] MapleChange.com - KYC Canadian-based Cryptocurrency Exchange</nowiki>] (Feb 6, 2020)</ref>		<ref name="bitcointalk-59">[https://bitcointalk.org/index.php?topic=4366622.0 <nowiki>[ANN][EXCHANGE] MapleChange.com - KYC Canadian-based Cryptocurrency Exchange</nowiki>] (Feb 7, 2020)</ref>

	<ref name="kylegibson-86">[https://medium.com/@kylegibson/100-crypto-thefts-a-timeline-of-hacks-glitches-exit-scams-and-other-lost-cryptocurrency-873c87fd5522 100 Crypto Thefts: A Timeline of Hacks, Glitches, Exit Scams, and other Lost Cryptocurrency Incidents] (Jan 25, 2020)</ref>		<ref name="kylegibson-86">[https://medium.com/@kylegibson/100-crypto-thefts-a-timeline-of-hacks-glitches-exit-scams-and-other-lost-cryptocurrency-873c87fd5522 100 Crypto Thefts: A Timeline of Hacks, Glitches, Exit Scams, and other Lost Cryptocurrency Incidents] (Jan 25, 2020)</ref>

	<ref name="ciphertrace-91">[https://ciphertrace.com/cryptocurrency-anti-money-laundering-report-q4-2018/ Cryptocurrency Anti-Money Laundering Report – Q4 2018 - CipherTrace] (Feb 14, 2020)</ref>		<ref name="ciphertrace-91">[https://ciphertrace.com/cryptocurrency-anti-money-laundering-report-q4-2018/ Cryptocurrency Anti-Money Laundering Report – Q4 2018 - CipherTrace] (Feb 15, 2020)</ref>

	<ref name="blockexplorer-162">[https://blockexplorer.com/news/biggest-cryptocurrency-hacks-2018/ The Biggest Cryptocurrency Hacks of 2018 (A Year in Which $1 Billion Crypto Was Stolen)] (Feb 25, 2020)</ref>		<ref name="blockexplorer-162">[https://blockexplorer.com/news/biggest-cryptocurrency-hacks-2018/ The Biggest Cryptocurrency Hacks of 2018 (A Year in Which $1 Billion Crypto Was Stolen)] (Feb 26, 2020)</ref>

	<ref name="bitcoinexchangeguide-218">[https://bitcoinexchangeguide.com/bitcoin/scams-hacks/ Bitcoin Scams and Cryptocurrency Hacks List - BitcoinExchangeGuide.com] (Mar 5, 2020)</ref>		<ref name="bitcoinexchangeguide-218">[https://bitcoinexchangeguide.com/bitcoin/scams-hacks/ Bitcoin Scams and Cryptocurrency Hacks List - BitcoinExchangeGuide.com] (Mar 5, 2020)</ref>

	<ref name="slowmisthacked-1160">[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25, 2021)</ref></references>		<ref name="slowmisthacked-1160">[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 26, 2021)</ref></references>

Azoundria at 07:48, 17 February 2023

2023-02-17T07:48:04Z

← Older revision		Revision as of 01:48, 17 February 2023
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	{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/maplechangeexchangehacked.php}}		{{Imported Case Study\|source=https://www.quadrigainitiative.com/casestudy/maplechangeexchangehacked.php}}
			{{Unattributed Citations}}

	Investigation shows that assets on the exchange were not properly stored, and the initial handling of the incident was extremely poor. The exchange at first shut down their website and removed all social media accounts, before later reversing the decision. The exchange since made some efforts to refund certain alt coins, however there has been no report of any bitcoin or litecoin being returned. A group on Twitter continues attempting to prosecute the team, believed to be based in Romania.		Investigation shows that assets on the exchange were not properly stored, and the initial handling of the incident was extremely poor. The exchange at first shut down their website and removed all social media accounts, before later reversing the decision. The exchange since made some efforts to refund certain alt coins, however there has been no report of any bitcoin or litecoin being returned. A group on Twitter continues attempting to prosecute the team, believed to be based in Romania.

	This exchange or platform is based in Canada, or the incident targeted people primarily in Canada.		This exchange or platform is based in Canada, or the incident targeted people primarily in Canada.
			<ref name="ccn-27" /><ref name="ccn-28" /><ref name="maplechangedtwitter-57" /><ref name="bitcoinist-58" /><ref name="bitcointalk-59" /><ref name="kylegibson-86" /><ref name="ciphertrace-91" /><ref name="blockexplorer-162" /><ref name="bitcoinexchangeguide-218" /><ref name="slowmisthacked-1160" />

	== About MapleChange ==		== About MapleChange ==
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	Don't Include:		Don't Include:

	* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.		* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
	* Anything that wasn't reasonably knowable at the time of the event.		* Anything that wasn't reasonably knowable at the time of the event.
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	\|-		\|-
	\|October 1st, 2018 12:01:07 AM		\|October 1st, 2018 12:01:07 AM
	\|~~First~~ Event		\|Main Event
	\|~~This is an expanded~~ description of what happened and the impact. If multiple lines are necessary, add them here.		\|Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.
	\|-
	\|
	\|
	\|
	\|-		\|-
	\|		\|
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	== Total Amount Lost ==		== Total Amount Lost ==
	The total amount lost ~~is unknown~~.		The total amount lost has been estimated at $6,000,000 USD.

	How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?		How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?
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	== Total Amount Recovered ==		== Total Amount Recovered ==
	~~It is unknown how much was~~ recovered.		There do not appear to have been any funds recovered in this case.

	What funds were recovered? What funds were reimbursed for those affected users?		What funds were recovered? What funds were reimbursed for those affected users?
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	== References ==		== References ==
	[https://www.ccn.com/newsflash-canadian-bitcoin-exchange-hacked-says-all-funds-are-gone/ Newsflash: Canadian Bitcoin Exchange 'Hacked,' Says All Funds are Gone] (Feb 3)		<references><ref name="ccn-27">[https://www.ccn.com/newsflash-canadian-bitcoin-exchange-hacked-says-all-funds-are-gone/ Newsflash: Canadian Bitcoin Exchange 'Hacked,' Says All Funds are Gone] (Feb 3, 2020)</ref>

	[https://www.ccn.com/hacked-canadian-bitcoin-exchange-maplechange-returns-to-twitter-opens-refund-chat-room/ Hacked Bitcoin Exchange MapleChange Returns, Discloses Refund Plan] (Feb 3)		<ref name="ccn-28">[https://www.ccn.com/hacked-canadian-bitcoin-exchange-maplechange-returns-to-twitter-opens-refund-chat-room/ Hacked Bitcoin Exchange MapleChange Returns, Discloses Refund Plan] (Feb 3, 2020)</ref>

	[https://twitter.com/Maplechanged maplechang'ed (@Maplechanged) \| Twitter] (Feb 6)		<ref name="maplechangedtwitter-57">[https://twitter.com/Maplechanged maplechang'ed (@Maplechanged) \| Twitter] (Feb 6, 2020)</ref>

	[https://bitcoinist.com/canada-maplechange-exit-scam/ 'We Have No More Funds': Canadian Exchange MapleChange Exit Scams - Bitcoinist.com] (Feb 6)		<ref name="bitcoinist-58">[https://bitcoinist.com/canada-maplechange-exit-scam/ 'We Have No More Funds': Canadian Exchange MapleChange Exit Scams - Bitcoinist.com] (Feb 6, 2020)</ref>

	[https://bitcointalk.org/index.php?topic=4366622.0 <nowiki>[ANN][EXCHANGE] MapleChange.com - KYC Canadian-based Cryptocurrency Exchange</nowiki>] (Feb 6)		<ref name="bitcointalk-59">[https://bitcointalk.org/index.php?topic=4366622.0 <nowiki>[ANN][EXCHANGE] MapleChange.com - KYC Canadian-based Cryptocurrency Exchange</nowiki>] (Feb 6, 2020)</ref>

	[https://medium.com/@kylegibson/100-crypto-thefts-a-timeline-of-hacks-glitches-exit-scams-and-other-lost-cryptocurrency-873c87fd5522 100 Crypto Thefts: A Timeline of Hacks, Glitches, Exit Scams, and other Lost Cryptocurrency Incidents] (Jan 24)		<ref name="kylegibson-86">[https://medium.com/@kylegibson/100-crypto-thefts-a-timeline-of-hacks-glitches-exit-scams-and-other-lost-cryptocurrency-873c87fd5522 100 Crypto Thefts: A Timeline of Hacks, Glitches, Exit Scams, and other Lost Cryptocurrency Incidents] (Jan 25, 2020)</ref>

	[https://ciphertrace.com/cryptocurrency-anti-money-laundering-report-q4-2018/ Cryptocurrency Anti-Money Laundering Report – Q4 2018 - CipherTrace] (Feb 14)		<ref name="ciphertrace-91">[https://ciphertrace.com/cryptocurrency-anti-money-laundering-report-q4-2018/ Cryptocurrency Anti-Money Laundering Report – Q4 2018 - CipherTrace] (Feb 14, 2020)</ref>

	[https://blockexplorer.com/news/biggest-cryptocurrency-hacks-2018/ The Biggest Cryptocurrency Hacks of 2018 (A Year in Which $1 Billion Crypto Was Stolen)] (Feb 25)		<ref name="blockexplorer-162">[https://blockexplorer.com/news/biggest-cryptocurrency-hacks-2018/ The Biggest Cryptocurrency Hacks of 2018 (A Year in Which $1 Billion Crypto Was Stolen)] (Feb 25, 2020)</ref>

	[https://bitcoinexchangeguide.com/bitcoin/scams-hacks/ Bitcoin Scams and Cryptocurrency Hacks List - BitcoinExchangeGuide.com] (Mar 4)		<ref name="bitcoinexchangeguide-218">[https://bitcoinexchangeguide.com/bitcoin/scams-hacks/ Bitcoin Scams and Cryptocurrency Hacks List - BitcoinExchangeGuide.com] (Mar 5, 2020)</ref>

	[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25)		<ref name="slowmisthacked-1160">[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25, 2021)</ref></references>

Azoundria: Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/maplechangeexchangehacked.php}} Investigation shows that assets on the exchange were not properly stored, and the initial handling of the incident was extremely poor. The exchange at first shut down their website and removed all social media accounts, before later reversing the decision. The exchange since made some efforts to refund certain alt coins, however there has been no report of any bitco..."

2023-01-24T21:32:34Z

Created page with "{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/maplechangeexchangehacked.php}} Investigation shows that assets on the exchange were not properly stored, and the initial handling of the incident was extremely poor. The exchange at first shut down their website and removed all social media accounts, before later reversing the decision. The exchange since made some efforts to refund certain alt coins, however there has been no report of any bitco..."

New page

{{Imported Case Study|source=https://www.quadrigainitiative.com/casestudy/maplechangeexchangehacked.php}}

Investigation shows that assets on the exchange were not properly stored, and the initial handling of the incident was extremely poor. The exchange at first shut down their website and removed all social media accounts, before later reversing the decision. The exchange since made some efforts to refund certain alt coins, however there has been no report of any bitcoin or litecoin being returned. A group on Twitter continues attempting to prosecute the team, believed to be based in Romania.

This exchange or platform is based in Canada, or the incident targeted people primarily in Canada.

== About MapleChange ==
"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. We are extremely sorry that it has to come to end like this. Until the investigation is over, we cannot refund anything."

This exchange or platform is based in Canada, or the incident targeted people primarily in Canada.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

* Known history of when and how the service was started.
* What problems does the company or service claim to solve?
* What marketing materials were used by the firm or business?
* Audits performed, and excerpts that may have been included.
* Business registration documents shown (fake or legitimate).
* How were people recruited to participate?
* Public warnings and announcements prior to the event.

Don't Include:

* Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
* Anything that wasn't reasonably knowable at the time of the event.
There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

== The Reality ==
This sections is included if a case involved deception or information that was unknown at the time. Examples include:

* When the service was actually started (if different than the "official story").
* Who actually ran a service and their own personal history.
* How the service was structured behind the scenes. (For example, there was no "trading bot".)
* Details of what audits reported and how vulnerabilities were missed during auditing.

== What Happened ==
The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.
{| class="wikitable"
|+Key Event Timeline - MapleChange Exchange Hacked
!Date
!Event
!Description
|-
|October 1st, 2018 12:01:07 AM
|First Event
|This is an expanded description of what happened and the impact. If multiple lines are necessary, add them here.
|-
|
|
|
|-
|
|
|
|}

== Total Amount Lost ==
The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

== Immediate Reactions ==
How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

== Ultimate Outcome ==
What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

== Total Amount Recovered ==
It is unknown how much was recovered.

What funds were recovered? What funds were reimbursed for those affected users?

== Ongoing Developments ==
What parts of this case are still remaining to be concluded?

== Prevention Policies ==
Coming soon.

== References ==
[https://www.ccn.com/newsflash-canadian-bitcoin-exchange-hacked-says-all-funds-are-gone/ Newsflash: Canadian Bitcoin Exchange 'Hacked,' Says All Funds are Gone] (Feb 3)

[https://www.ccn.com/hacked-canadian-bitcoin-exchange-maplechange-returns-to-twitter-opens-refund-chat-room/ Hacked Bitcoin Exchange MapleChange Returns, Discloses Refund Plan] (Feb 3)

[https://twitter.com/Maplechanged maplechang'ed (@Maplechanged) | Twitter] (Feb 6)

[https://bitcoinist.com/canada-maplechange-exit-scam/ 'We Have No More Funds': Canadian Exchange MapleChange Exit Scams - Bitcoinist.com] (Feb 6)

[https://bitcointalk.org/index.php?topic=4366622.0 <nowiki>[ANN][EXCHANGE] MapleChange.com - KYC Canadian-based Cryptocurrency Exchange</nowiki>] (Feb 6)

[https://medium.com/@kylegibson/100-crypto-thefts-a-timeline-of-hacks-glitches-exit-scams-and-other-lost-cryptocurrency-873c87fd5522 100 Crypto Thefts: A Timeline of Hacks, Glitches, Exit Scams, and other Lost Cryptocurrency Incidents] (Jan 24)

[https://ciphertrace.com/cryptocurrency-anti-money-laundering-report-q4-2018/ Cryptocurrency Anti-Money Laundering Report – Q4 2018 - CipherTrace] (Feb 14)

[https://blockexplorer.com/news/biggest-cryptocurrency-hacks-2018/ The Biggest Cryptocurrency Hacks of 2018 (A Year in Which $1 Billion Crypto Was Stolen)] (Feb 25)

[https://bitcoinexchangeguide.com/bitcoin/scams-hacks/ Bitcoin Scams and Cryptocurrency Hacks List - BitcoinExchangeGuide.com] (Mar 4)

[https://hacked.slowmist.io/en/?c=Exchange SlowMist Hacked - SlowMist Zone] (Jun 25)