Jihan Wu ‘Was Told’ Bitcoin Gold’s Jack Liao Is Paying Journalists
After just making headlines for getting into a dispute with Dr. Craig Wright in Taipei, Bitcoin Gold (BTG) co-founder Jack Liao is in the news again, this time over allegations of impropriety. That’s per Bitmain co-founder Jihan Wu, who claims Liao is paying cryptoverse journalists to falsely peg Bitmain as the culprits of the recent 51 percent attack against the BTG network.
Tensions Rise, Allegations Fly
Jihan Wu, the face of mining hardware powerhouse Bitmain, has declared his company had no part in the recent 51 percent attack against Bitcoin Gold, going further to allege BTG’s co-founder Jack Liao was himself possibly responsible for the assault.
Wu tweeted as much at the start of the weekend:
Jack Liao is spreading rumors now that Bitmain 51%ed BTG. No, it was not Bitmain. It is possible that Jack Liao himself attacked BTG as a way to further steal funds from the community and attack BCH fork.
— Jihan Wu (@JihanWu) May 25, 2018
And Wu went on to later claim that a source or sources told him Liao was “giving money to reporters” to falsely suggest a mining hardware company, i.e. Bitmain, was responsible for BTG’s recent 51 percent attack.
I was told that Jack Liao is giving money to reporters, and asked reporters to write news about the 51% attack of BTG. And the news will make indecent suggestion that “A mining company” attacked his shitcoin.
— Jihan Wu (@JihanWu) May 26, 2018
From my end, a few web searches of relevant queries didn’t turn up any new actualized news articles claiming Bitmain or a miner manufacturer was responsible for the latest BTG attack, though some threads and comments did turn up in the r/Bitcoin subreddit hitting along that line of thought.
Later Liao, himself the face of hardware play LIGHTNINGASIC, suggested on the company’s Twitter account in understandably clunky English that he’d be avoiding direct or extended confrontation on the matter.
you are underdog, not means i will do similar things. https://t.co/JzO9vbuOxM
— lightningasic (@lightningasic) May 26, 2018
I’ve asked both Wu and the Bitcoin Gold team to comment on the dispute. I will update this article accordingly if either party chooses to do so.
Two days after the original tweet-off, Liao chimed back in, accusing Wu of “playing dirty,” though no context was provided as to what he was specifically referring to:
@JihanWu allways playing dirty.
— lightningasic (@lightningasic) May 28, 2018
So Who Was Responsible for the Attack?
What we know so far about the recent BTG 51 percent attack is that the agent or agents responsible launched “double spend” assaults on exchanges, costing thousands of BTG in losses.
Some of the pulpier elements in the space have suggested nChain’s Chief Scientist and Bitcoin Cash proponent Dr. Craig Wright was behind the attack after Wright and Liao got into a dispute at a crypto conference in Taiwan. However, that argument makes no sense chronologically, as Cornell professor and cryptoverse thought leader Emin Gün Sirer noted on Twitter:
The BTG attacks took place on May 16-19.
The "Faketoshi" episode with Jack Liao took place at Block-Chaining The Future Summit on May 22-23.
So Faketoshi isn't behind them. Exchanges believe that attacker is a pro who has attempted this before in other coins.@MentalNomadSays
— Emin Gün Sirer (@el33th4xor) May 26, 2018
So all that we do know for sure for now is that the 51 percenter is no slouch — they’re a professional with the experience and hash rate necessary to overwhelm a small network like Bitcoin Gold’s.
For those interested in tracking whoever is responsible, the attacker’s main wallet address has been pinned as GTNjvCGssb2rbLnDV1xxsHmunQdvXnY2Ft, which currently holds 12,239 BTG at press time.
We’ll have to see when/if the attacker strikes next.
What’s your take? Who do you think is right here? Let us know in the comments below.
Images via HDWD, Medium