Seattle-based cryptocurrency exchange Bittrex has reportedly delisted Bitcoin Gold (BTG), an ASIC-resistant hard fork that allows you to mine Bitcoin with GPUs, because of a 51% attack back in May that resulted in the loss of $18 million.
According to a statement released by the Bitcoin Gold team, Bittrex allegedly requested that Bitcoin Gold “take responsibility for [their] chain,” and repay Bittrex 12,372 ($265,000) BTG to cover the loss the exchange incurred during the hack or face delisting.
Our community asked us to comment on Bittrex's action regarding BTG. You can read our full response here: https://t.co/UZWaIFRwHb
— Bitcoin Gold [BTG] (@bitcoingold) September 3, 2018
While that number eventually came down to ~6,000 BTG, Bitcoin Gold still refused to pay-up, as the non-profit organization that manages the cryptocurrency has no revenue stream and all mining rewards go to miners.
In the statement, the Bitcoin Gold team emphasized the Bittrex delisting should have a minimal impact on the cryptocurrency’s trading liquidity.
We suspect the impact Bittrex’s action on our Ecosystem will not be substantial, as Bittrex has not been a top liquidity provider for BTG in recent months (current top exchanges include HitBTC, Bithumb, Binance, Bitinka, and Bitfinex; Bittrex markets represent a small fraction of our volume at this time.)
Bittrex has made significant strides in recent months to add direct-USD markets for multiple altcoins, including Cardano (ADA) and Zcash (ZEC), as well as for stablecoins Tether (USDT) and TrueUSD (TUSD).
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.