Bitcoin Gold Hit by Double Spend Attack, Exchanges Lose Millions

May 25, 2018

 

A malicious miner successfully executed a double spend attack on the Bitcoin Gold network last week. Bitcoin Gold director of communications Edward Iskra first warned users about the attack on May 18, explaining that a malicious miner was using the exploit to steal funds from cryptocurrency exchanges. A bitcoin gold address implicated in the attack has received more than 388,200 BTG since May 16 (mostly from transactions it sent to itself). Assuming all of those transactions were associated with the double spend exploit, the attacker could have stolen as much as $18.6 million worth of funds from exchanges.

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