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?
I guess they are just a bunch of impatient people who can't take the long bear period on this year 2018. They might gave a timeframe for the market to recover and then after that they decided that if did not then they will pull off an exit scam. I mean, if I was an owner a small exchange that has only few traders then I will not profit from anything at all so exiting would easily get in my mind as an option.