While it is known about the unauthorized transactions of $ 96 thousand.
Chivo e-wallet users have lost at least $96,223 in transactions they disapproved of. This was announced by a Twitter user with the nickname El Comisonado.
Activists gather 50 posts other Chivo customers who have reported losses. Salvadorans lost between $61 and $16,000.
The service’s technical support did not provide the necessary assistance, said one user. In their posts, users note the president of the country and the official account of the crypto wallet. Company representatives and heads of state have not yet commented on the situation.
Recall that El Salvador legalized bitcoin on September 7, 2021. State authorities actively encourage citizens to use the Chivo cryptocurrency and cryptocurrency wallets. In October, El Salvador’s President Nayib Bukele announced that the service was used by 3 million people. By comparison, the country’s population is 6.5 million, according to the World Bank for 2020.
The country is actively buying bitcoin. At the time of publication, the El Salvador Ministry of Finance held 1,391 BTC (~71 million), Cointelegraph reported.
In November, the International Monetary Fund (IMF) published a report on the effectiveness of bitcoin legalization in El Salvador. Experts conclude that the decisions of state authorities carry risks for consumers. The IMF drew attention to bitcoin’s high volatility. Fluctuations in the value of cryptocurrencies, according to experts, can also cause financial losses among Salvadorans who turn to BTC.
Read also: in El Salvador will issue “volcanic” bitcoin bonds and build a crypto city.