The Wikipedia article* makes it sound fairly legit, and that it collapsed because it didn't verify members well and so was used for illegal purposes. But not be

The Wikipedia article* makes it sound fairly legit, and that it collapsed because it didn't verify members well and so was used for illegal purposes. But not because it was a scam. It reads that it was widely used, and the article _implies_ it was genuinely backed by gold. Do you have more insight here? I'd never heard of E-gold before today. [*] https://en.wikipedia.org/wiki/E-gold https://en.wikipedia.org/wiki/E-gold