Bitcoin Gold

Bitcoin Gold suffers a 51% attack again

January 23, 2020
Attack Types: 
51%
Entity Types: 
Blockchain
Target Entities: 
Bitcoin Gold

Summary # In Jan 2020, the Bitcoin Gold (BTG) blockchain was hit by a 51% attack, resulting in a loss of over $70,000 worth of BTG. The attack lasted for two days, during which time the attackers were able to double-spend coins. Attackers # It is still unclear who the attackers were, but it is believed that they rented computing power from cloud mining services to gain control of the BTG network. ...

BTG users lose millions in a 51% attack

May 19, 2018
Attack Types: 
51%
Entity Types: 
Blockchain
Target Entities: 
Bitcoin Gold

Summary # Bitcoin Gold was hit by a 51% attack on May 19, 2018. The attackers were able to double-spend 388,000 BTG, worth around $18 million at the time of the attack. Affected exchanges included Bitinka, Bithumb, Coinnest, Bittrex, and Bitfinex, while wallets such as the official Bitcoin Gold wallet and Ledger wallet were also impacted. As a result of the attack, Bitcoin Gold’s value dropped from around $60 to $30 per coin. ...