RATE Group | Bitcoin Fork Faces Cryptocurrency Exchange Delisting after 51% Attack
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Bitcoin Fork Faces Cryptocurrency Exchange Delisting after 51% Attack

07 Sep Bitcoin Fork Faces Cryptocurrency Exchange Delisting after 51% Attack

Posted at 18:43h in Cryptocurrency News by

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bitcoin gold

Three months after Bitcoin Gold fell prey to a high-profile 51 percent attack, one of the cryptocurrency exchanges affected by that exploit is threatening to delist BTG unless the coin’s developers help cover its losses.

Last week, the Bitcoin Gold organization announced on its official website that Bittrex, a top-30 cryptocurrency exchange by volume and one of the few to offer USD trading pairs, has informed the project that it will delist BTG since the former has refused to reimburse the 12,372 BTG that the hackers stole from the company’s hot wallet.

As CCN reported at the time, the attackers managed to steal an estimated $18 million worth of BTG from multiple cryptocurrency exchanges by using rented mining rigs to accumulate a majority of the Bitcoin Gold network’s hashpower. This allowed them to execute a double spend attack, through which they rewrote recent blockchain data to reverse payments and steal funds from exchanges.

Bitcoin Gold, which has since upgraded…

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