A small Canada-based crypto exchange called MapleChange and now the Pure Bit from South Korea has pulled off an exit scam, disappearing with user funds all in one month. The disappearance of MapleChange and Pure Bit with user funds has led experts in the sector to encourage crypto investors to prevent the utilization of minor exchanges with no reputation and cold wallets that accurately represent their holdings.
What is the motive behind all these minor exchanges, anyway?
What is the motive behind the scams? Just to make easy money and I will say the problems are with the investors who are ready to use those exchanges which has no reputation.Some of the scam exchanges can be identified when we research deep about their location and their site details ecause scammers use different and fake details for registering the websites.