DAXA email, sent on 2025 Feb 07
We just got the email send by DAXA on Feb 07 2027.
here is some key point:
1, DAXA mixed the bitcoingold team with the fork project team. the fork project web is btgofficial.org, registered on July 12 2024.
2. Jack Liao has nothing connect with the fork project. It’s illegal to put Jack Liao information on the website.
3, the 3 ppl has be fired by Jack Liao since July 12 2024. because of they don’t code, market the community since early 2022.
the email detaisl as below:
Hello Bitcoin Gold team,
This is DAXA, Digital Asset eXchange Alliance.
We hereby announce that Bitcoin Gold(BTG) has been flagged with Investment Warning by the members of DAXA(Bithumb, Coinone). DAXA members may jointly take measures such as urging investment caution, flagging investment warnings, and termination of market support for the protection of their users. Please refer to each exchange’s official announcement for the detailed reason for the Investment Warning of BTG.
[Announcements]
Bithumb: https://feed.bithumb.com/notice/1646899
Coinone : https://coinone.co.kr/info/notice/3755
Please provide detailed information on the items listed below for further review of the current circumstances.
1. Lack of disclosure regarding critical information related to the BTG digital asset
Do provide every publicly accessible resources where disclosures* were made regarding followings:
Development, design, implementation, change of schedule, and/or any aspect relevant to the CCBN technology and any similar measures to mitigate 51% attack
Development, design, implementation, change of schedule, and/or any aspect relevant to the transition from Board-based to DAO-based governance of BTG
Current and past history of BTG adoption from Wallets/Swaps/Payment services advertised in btgofficial website “Ecosystem” page. Do provide evidence of efforts made by Bitcoin Gold teams to make continued/additional adoption of BTG.
Achievements, change of schedule, and/or any aspect relevant to the roadmap of Bitcoin Gold project, specifically anything that are more up-to-date than the information pieces provided on https://btgofficial.org/roadmap-2019/index.html
Recent actions by Jack Liao and announcements from Centralized Exchanges, including Gate.io, and consequent measures taken by Bitcoin Gold team.
Prolonged malfunctioning of btgofficial website pages.
*Be noted that “disclosure” here refers to disclosure to the public that are made prior to current communication, not to the exchanges in private communications.
**Do refrain from insisting “communications are made in BTG communities”, but give exact URLs and/or route to access points for materials.
2. Centralization and Possibility of Security Breach
Do provide the Bitcoin Gold team’s perspective on the subject matter, and measures taken accordingly. Specifically, include any relevant materials considering followings:
Bitcoin Gold network had experienced several 51% attacks in the past
Current network hashrate of Bitcoin Gold is from 8000 to 10¹⁴ folds low compared to other similar blockchain networks
A single mining pool is managing above 90% of network hashrate
CCBN, promoted to work as the mitigation, is not developed to this moment
If any part of this assessment is inaccurate, or if there are unavoidable reasons for the lack of prior disclosures to users, please provide supporting information by February 17th (Monday).
Please be noted that members of DAXA are on constant review and monitoring of the market and digital assets.
That said, if the reasons for Investment Warning are not fully resolved within the designated review period, members of DAXA will then discuss potential termination of market support and its schedule.
Best regards,
DAXA
—
DAXA [Digital Asset Exchange Association]
kdaxa.org l daxa_comms@kdaxa.org
