Bittrex is one of the largest cryptocurrency exchanges, and just recently they delisted BTG (Bitcoin Gold) from their exchange. But there is more to this than just a delisting. Previously in May 2018, Bittrex and a number of other exchanges like HitBTC, Bithumb, Binance and etc., experienced a 51% attack that allowed hackers to steal more than 388k BTG (Approx. $18 million).
“On May 19, 2018, U.S.-based digital currency exchange Bittrex allowed attackers who deposited 12,371 BTG to trade and withdraw coins to perform a 51% attack to double-spend those BTG. The operator has not disclosed the value of the coins that were withdrawn,” writes NewsBTC.
Referring to a statement made by BTG, Bittrex wanted 12,372 BTG from the BTG team to cover the loss they incurred. Later Bittrex settled and even “came a step towards” the BTG team: “They later informed us they would cover part of the loss from their own BTG reserves and requested we pay the remaining ~6000 BTG, and that if we did not, we would be delisted.”
Then the BTG team offered a loan from the endowment, because its time-locked for future use. Bittrex turned it down and insisted on a payment.
While this story has been only told from a BTG point of view, we are still waiting on an official Bittrex announcement that could clear some of the offense coming from the BTG team towards Bittrex.
https://goo.gl/BgQ79J – The BTG team announcement.