Bitcoin Gold Wallet Scam Sees Fraudsters Steal $3.2 Million
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.
The result was a $3.2 million theft, as the scammer behind the website managed to obtain at least $107,000 worth of bitcoin gold, $72,000 of litecoin, $30,000 of ethereum, and $3 million of bitcoin. 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.