ElectronGold caught in the fraud

Users complain about suspicious activity
24 November 2017   2160

With each passing day more and more reports are coming in that ElectronGold steals private keys of registered users. ElectronGold claims to be a website which helps people to get their Bitcoin Gold but it looks more like a fraud than a legal operation.

The problem is that not all exchanges carry on business in BTG and there are not so many digital wallets that support Bitcoin Gold. That’s why users register at ElectronGold in trying to get their money. But the source code of the website is alarming. It seems like the webpage was created only for dirty tricks and not for straight dealing.

ElectronGold purports to be a filiation of larger Electrum but developers of the second one swear that they have no connection with such a fraud. They reported that someone allegedly modified the code without their consent.

It remains in question, if developer’s statements are honest or not but it is highly recommended not to use ElectronGold until the situation becomes a little clearer.

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OKEx to Delist Bitcoin Gold Futures

As the reason for this decision, it is called the “insufficient liquidity” of this financial instrument 
21 January 2019   920

OKEx reported on the imminent delisting of all Bitcoin Gold (BTG) futures contracts, including weekly, two-week and quarterly contracts. As the reason for this decision, the exchange refers to the “insufficient liquidity” of the financial instrument.

All BTG futures contracts will be calculated on 9am, Jan 25, 2019 (CET, UTC+1) in accordance with the price fixed in the BTG / USD index on OKEx an hour before.

In addition, on January 30, all data on BTG futures trading will be deleted, and therefore the exchange recommends that users who may need this data download them in advance.

Bitcoin Gold separated from the main bitcoin blockchain in November 2017. Last May, the cryptocurrency network was attacked by 51%, during which 388,000 BTG (about $ 18 million) were stolen from several exchanges. Currently, Bitcoin Gold is the 27th largest cryptocurrency with a capitalization of $ 195 million.