{"id":3885,"date":"2018-12-03T18:11:52","date_gmt":"2018-12-03T18:11:52","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?page_id=3885"},"modified":"2020-07-07T11:01:00","modified_gmt":"2020-07-07T10:01:00","slug":"mybtgwallet-com-review","status":"publish","type":"page","link":"https:\/\/traders-paradise.com\/magazine\/wall-of-shame\/mybtgwallet-com-review\/","title":{"rendered":"Mybtgwallet.com"},"content":{"rendered":"

Why is this scam<\/strong><\/h3>\n

\"Mybtgwallet.com\"Search the Internet (or reddit) for Mybtgwallet.com today.
\nYou’ll find several results about people losing all of their Bitcoin after inputting their mnemonic phrase into MyBTGWallet.<\/p>\n

A website claiming to be an online web wallet for Bitcoin Gold.<\/p>\n

And moreover, the place where users could check their BTG balance and, ostensibly, one day use the website to transact with their Bitcoin Gold.<\/p>\n

True is that this scam caused investors’ losing a total of $3.3 million to miscreants. They deceived and stole the private keys of customers making use of this wallet.<\/p>\n

\"Mybtgwallet.com<\/p>\n

As per reports that can be found on the internet, Mybtgwallet.com was created by a person called John Dass who was a respected member of the Bitcoin Gold community.<\/p>\n

He promoted the project on various social platforms including Reddit, Steam, and was able to lure in many susceptible individuals.<\/p>\n

Official website: http:\/\/www.mybtgwallet.com is changed to http:\/\/ww17.mybtgwallet.com\/<\/a><\/strong><\/p>\n

The signs of confirmation<\/strong><\/h3>\n

We have no reason to believe that anybody involved with Bitcoin Gold was involved with this scam. But they did have a conversation with the creator of the Mybtgwallet.com and help him test its balance reporting features.<\/p>\n

This site was listed on the official bitcoingold.org website as a wallet provider. It has since been removed.<\/p>\n

Analysis of the website\u2019s code showed that the page stored an individual’s private keys as and when they were submitted.<\/p>\n

The owners of the project were also found to have changed the platforms GitHub code in an attempt to steal as much money as they could.<\/p>\n

Let’s see the other signs.<\/strong><\/h3>\n

We have never trusted in that wallet.<\/p>\n

It has almost the same name as MyEtherWallet, and maybe that is the main reason why we have never trusted this one.<\/p>\n

They didn’t have public developers and all certificates that most online wallets have.<\/p>\n

Frankly, it was a shady one.<\/p>\n

Every time someone entered their mnemonic seed into MyBTGWallet, their mnemonic was Base64 encoded, stored on the website cookie, and then transmitted to Google.<\/p>\n

There the scammer was free to decode it. Hence, they have full access to that person’s private keys derived from that seed.<\/p>\n

And that’s how somebody scammed the Bitcoin community out of over $1 million USD and scammed the Bitcoin Gold team into recommending his website to do so.<\/p>\n

Recommendation <\/strong><\/h3>\n

People are going to try to manipulate you into giving them access to your crypto.<\/p>\n

If you let them, your crypto will be gone forever.<\/p>\n","protected":false},"excerpt":{"rendered":"

Why is this scam Search the Internet (or reddit) for Mybtgwallet.com today. You’ll find several results about people losing all of their Bitcoin after inputting their mnemonic phrase into MyBTGWallet. A website claiming to be an online web wallet for Bitcoin Gold. And moreover, the place where users could check their BTG balance and, ostensibly, […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":2933,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"content-type":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"class_list":["post-3885","page","type-page","status-publish","hentry"],"yoast_head":"\nMybtgwallet.com - Wall of Shame - Traders-Paradise<\/title>\n<meta name=\"description\" content=\"Mybtgwallet.com caused investors' losing a total of $3.3 million to miscreants. 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