RATE Group | Bittrex to Delist Bitcoin Gold by Mid-September, Following $18 Million Hack of BTG in Ma…
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Bittrex to Delist Bitcoin Gold by Mid-September, Following $18 Million Hack of BTG in Ma…

04 Sep Bittrex to Delist Bitcoin Gold by Mid-September, Following $18 Million Hack of BTG in Ma…

Posted at 17:22h in Bitcoin News by

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Crypto exchange Bittrex will delist Bitcoin Gold (BTG), a hard fork of Bitcoin (BTC), by September 14 following an $18 million hack of the BTG network in May, The Next Web reported September 3.

Founded in 2007, the hard fork cryptocurrency Bitcoin Gold has suffered a “double-spending” hacking attack that reportedly allowed the unknown hijackers to take control of more than 51 percent of the BTG hashrate. The attack, which reportedly started on May 18, 2018, has managed to amass more than $18 million in Bitcoin Gold from various exchanges, including Bittrex.

Following the hack, the Bitcoin Gold team explained that the attacker was deploying the combination of a 51 percent and double-spend attack in order to defraud crypto exchanges. They noted that the hacker was targeting exchanges since they “accept large deposits automatically, allow the user to trade into a different coin quickly, and then withdraw automatically.”

Specifically, the attacker was making large BTG deposits on…

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