A cryptocurrency risk case study

According to the story, at www.coindesk.com, the owner of mybtgwallet.com prompted users to submit their private keys or recovery seeds as a means to generate bitcoin gold wallets. Shortly after users did so, however, the cryptocurrency holdings in their wallets were sent to different addresses.

At least $30,000 in ethereum, $72,000 in litecoin, $107,000 in bitcoin gold and more than $3 million in bitcoin were confiscated.

If Bitcoin Gold team will not be able assist the victims, most probably investors will not recover their funds.