Bitcoin Gold Wallet Scam Sees Fraudsters Steal $3.2 Million

[btcyoda]

A bitcoin gold (BTG) wallet scam recently managed to net over $3.2 million after taking advantage of bitcoin users looking to claim their BTG tokens. A link to the fraudulent MyBTGWallet was, before the scam came to light, placed on bitcoin gold’s website, but was quickly removed once users started noticing their balances were missing.

According to various reports, the website containing the fake wallet essentially encouraged users to upload their private keys or recovery seeds to claim their bitcoin gold, as an archived screenshot of the webpage shows. As one Reddit user put it, when he went to check his balance, he found that all of his funds on an Electrum wallet were gone, just like the MyBTGWallet website.

Users trusted the website with their private keys – despite security experts advising against it – partly due to bitcoin gold’s support for the wallet, and to the website’s code being open source. Through their twitter account, bitcoin gold’s team assured users the wallet was safe on multiple occasions, and even listed it on its website as a resource.

Bitcoin gold representatives promptly issued a statement on the wallet scam, clarifying that they are figuring out a way to remedy the situation, and that an internal investigation has been launched. At the end of the announcement, bitcoin gold’s team added some advice for cryptocurrency enthusiasts: “It’s worth reminding everyone that it will never be truly safe to enter your private key or mnemonic phrase for a pre-existing wallet into any online website.

https://www.cryptocoinsnews.com/bitcoin-gold-wallet-scam-nets-fraudsters-3-2-million-after-stealing-users-private-keys/

[stompix]

Bitcoin gold representatives promptly issued a statement on the wallet scam, clarifying that they are figuring out a way to remedy the situation, and that an internal investigation has been launched. At the end of the announcement, bitcoin gold’s team added some advice for cryptocurrency enthusiasts: “It’s worth reminding everyone that it will never be truly safe to enter your private key or mnemonic phrase for a pre-existing wallet into any online website.

Let me explain this:

they are figuring out a way to remedy the situation

The funds are gone and they know that better than anyone, especially since most likely they are affiliated with

that an internal investigation has been launched

To split the stolen coins

t’s worth reminding everyone that it will never be truly safe to enter your private key or mnemonic phrase for a pre-existing wallet into any online website

Meaning, hey morons, be careful next time, kisses from Bahamas !!!


Whoever trusted even one word, one phrase not alone a wallet from the bitcoin gold team was foolish and greedy.
Anybody who would have bothered to research it at least 5 minutes would have known they lack everything , from language skills to communication and technical development.

But they were good at scamming and advertising.

Probably the next "fork" will aim just the wallets. Forget blocks, time, segwit , stuff like that.

[EcoChavCrypto]

I dont understand those people who are always putting and exporting their private keys to this weirdy sites.

And it is obviously that the founders or developers of bitcoin gold have something to do with all this shit, it is obviously and we dont have to be Sherlock Holmes in order to know that there is something weird with all this thing.

There is a guy who posted in this forum that he lost more than 15 bitcoins because of this scammy wallet, they were more than $140 thousand dollars, can you imagine how it would be to lose that money? I can not even think about.

Fuck this shitty fork, i have never trusted in this, and less in this scammy wallet.

[squatter]

Whoever trusted even one word, one phrase not alone a wallet from the bitcoin gold team was foolish and greedy.
Anybody who would have bothered to research it at least 5 minutes would have known they lack everything , from language skills to communication and technical development.

You don't need to "trust" the Bitcoin Gold team to profit from the fork. 1 BTG = $380 at this moment. That's free money for BTC holders. The problem is that the ecosystem is very immature, and average cryptocurrency users don't understand the first thing about security.

I've been trying to tell people: sweep your BTC into new addresses, first and foremost. Wait for reviews of a wallet -- don't be a guinea pig. The Core Gold wallet and Coinomi are both reported safe to use (not that I trust them). Even if you think the wallet is safe, you should transport BTG in increments and never put BTC at risk.

I knew they were incompetent from the start. But with so much money on the line, they could have hired a few competent developers. They should have had a trustworthy fork of Electrum ready at the start like Bitcoin Cash did.