chivo

ChainCatcher news, El Salvador officially became the first country in the world to adopt Bitcoin as legal tender. President Nayib Bukele pushed the Salvadoran Congress to pass the "Bitcoin Law" in June 2021, which stipulates that Bitcoin can be used to pay for goods, services, taxes, etc., alongside the US dollar as legal tender.The Salvadoran government subsequently launched the digital wallet "Chivo," allowing citizens to store and use Bitcoin, and offered a $30 Bitcoin reward to registered users. It also deployed Bitcoin ATMs nationwide to facilitate transactions. According to data from the Salvadoran Ministry of Finance's website, El Salvador has accumulated 8 Bitcoins in the past 7 days, bringing its total Bitcoin holdings to 6,291.18 Bitcoins, valued at over $690 million.

ChainCatcher news, according to Bitcoin.com News, based on records from the Central Reserve Bank of El Salvador, among the 181 registered Bitcoin Service Providers (BSPs) in the country, only 20 are actively operating, accounting for just 11%. This includes the official digital wallet Chivo, which will be dissolved according to the agreement reached between the government and the International Monetary Fund (IMF). Although El Salvador is one of the first countries to open its doors to Bitcoin and cryptocurrency services, local interest in these solutions has remained low.

ChainCatcher news, according to Cointelegraph, a hacker group named CiberInteligenciaSV has published part of the source code for the Salvadoran government-operated Bitcoin wallet Chivo on the black hat hacker crime forum BreachForums.The hacker group stated, "This time I bring you the code from the Salvadoran Bitcoin Chivo wallet ATM, remember, this is a government wallet, and as everyone knows, we do not sell, we release everything for free."It is reported that this move comes after a series of events related to Chivo hacking incidents, including the exposure of personal data of 5.1 million Salvadorans (almost the entire adult population of the country) reported in early April. Salvadoran authorities have not yet issued any official statements regarding this hacking incident.