Monero Gold (XMRG) Statement
On the 4th of February 2018 we halted both the Monero Gold markets on CoinExchange.io:
https://www.coinexchange.io/market/XMRG/BTC
https://www.coinexchange.io/market/XMRG/ETH
We halted these markets immediately after we became aware that a large number of coins had been created and transferred to the deposit address of a CoinExchange.io user.
A percentage of these coins were dumped onto both markets on CoinExchange.io.
Upon further investigation we regret to inform the community that it appears that the developers are responsible for this fraudulent activity. We have come to this conclusion because of the following points:
1 — The XMRG token was created by the following Ethereum address: https://etherscan.io/address/0x70c17961abaaa470a2629825de50475fe4d8ab9d
2 — The XMRG token creation (by the address above) txid: https://etherscan.io/tx/0xbda1e865fcaa7ee5bb709f6b829cc9532a8062b1ebc9b50af8c8491476b1a075
3 — The same address was also resposible for the recent creation of a very large number of tokens, please see the following transaction: https://etherscan.io/tx/0xd1955ccec2f0e7a9a86c8dd4b9161265b0348fb3c7436a98e107c68e381c76ac
Accordingly, we have decided that the remaining bitcoin in the Monero Gold developers CoinExchange.io account will be used as a buy wall to offer holders of the now defunct Monero Gold token some small compensation.
In addition to the bitcoin remaining in the Monero Gold developers account we have also added all fees, including the listing fee of 2 BTC, to the buy wall amount.
The total amount in the buy wall will be:
22.418 BTC — Remaining BTC in Monero Gold developers account
2 BTC — Listing fee
1.475 — Total trades fees to date including BTC and ETH markets
— — — — — —
Total 25.893 rounded up to 26 BTC
We will place a buy wall of 26 BTC at 0.00000002 BTC until the market and XMRG are delisted at a later stage (to be announced).
In the process of writing this release we have become aware that the Monero Gold website has been replaced with a Pepe meme. This further confirms that this was a premeditated scam perpetrated by the Monero Gold developers of which CoinExchange.io was also a victim.
While we believe there was no negligence on our behalf we will now increase our efforts in all areas of security and customer protection.
