Although Bittrex, Seattle's large cryptocurrency exchange, recently launched new trading pairs, including cryptocurrencies such as Zcash and Ripple, it is actually a delisting coin.
According to the resource TheNextWeb, Bittrex immediately deleted the Bitcoin gold trading pair. The reason for this drastic measure is that BTG representatives are reluctant to compensate for the money stolen from Bittrex because of hacking attacks against Bitcoin gold hashing rights.
In May of this year, the attacker managed to get more than half of the Bitcoin's hash value, and then, from different exchanges, Bittrex stole nearly $20 million in digital coins. The exchange asked the BTG team to replace the assets. The BTG team stated that they are not ‘responsible for security policies within private entities like Bittrex.’
There is no doubt that Bittrex is not satisfied with this decision. Therefore, Bitcoin gold will disappear from the exchange in about 2 weeks.
The team further mentioned that during July 3, their network bandwidth has mitigated the risk of such attacks in the future. However, according to the statement, Bittrex informed the BTG team that it would withdraw from the transaction because they were not responsible for their chain events. ‘This means paying Bittrex 12,372 BTG to make up for the losses they suffered.’
In addition, as stated in the statement, Bittrex informed the BTG team that it would pay a partial loss from its reserves, but the remaining 6,000 BTG must be paid by them or they would be delisted. The statement added: ‘For a profitable exchange, this seems to be only a small part, but it is a large part of the funds available to the endowment fund that supports the Bitcoin gold project.’