CryptoChange was a cryptocurrency exchange based in Brazil, offering trading in Bitcoin and other major cryptocurrencies. It attracted thousands of Brazilian users with competitive fees and a user-friendly interface. The exchange processed millions in trading volume and was growing rapidly during the 2017-2018 crypto boom.
Company Data
- Founded: ~2016 — Brazil
- Failed: 2019 (exit scam)
In 2019, the exchange suddenly went offline. The website displayed a maintenance message, then disappeared entirely. Customer support stopped responding. Users who had funds on the exchange lost everything. The founders had reportedly fled Brazil. It was one of several Latin American crypto exchange exit scams during this period, exploiting the lack of crypto regulation in the region.
Key Lesson
Unregulated exchanges are casinos where the house can disappear overnight. Only use regulated, audited exchanges with a track record. In crypto, "not your keys, not your coins."