Bitcoin Gold delisted from major cryptocurrency exchange after refusing to pay hack damages

September 4, 2018

 

Cryptocurrency exchange Bittrex removes Bitcoin Gold trading options after BTG team refuses to pay $256,000 as reparations for May 2018 cyber-attacks

 

Bittrex, one of the largest cryptocurrency exchange platforms, has delisted Bitcoin Gold (BTG) from its trading platform over the weekend after BTG maintainers declined to pay half of the damages Bittrex suffered during a complex multi-stage cyber-attack earlier this year.

According to a statement from the BTG team, Bittrex asked the BTG team to pay 12,372 BTG (~$256,000) as reparations for the attacks. The BTG team declined to pay the asked sum, stating that their private assets can't be used to cover "a private company's losses from their own security failures." BTG maintainers said they did all that was possible on their end to help trading platforms prevent the attacks, but they did not have the legal power to intervene inside a private company like Bittrex.

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