Skip to main content

El Salvador: Hackers leak code of state Bitcoin wallet

Summary:


*

A leak of El Salvador's state bitcoin wallet has exposed a list of 52 bitcoin addresses containing 2,096.85 BTC (worth around $40 million).
*

The leak is believed to have originated from a hack of the state-owned Chivo wallet, used to store and manage the country's bitcoin reserves.
*

The incident raises concerns about the security and transparency of El Salvador's bitcoin operations.
*

El Salvador adopted bitcoin as legal tender in September 2021 and has invested heavily in the cryptocurrency.
*

President Nayib Bukele has been a vocal supporter of bitcoin, but the leak has sparked criticism of the government's handling of the country's bitcoin funds.
*

The government is investigating the incident, but has not yet commented publicly.
*

The leak highlights the risks and challenges of adopting a decentralized and volatile asset like bitcoin as legal tender.



Key points:


*

Leak exposes 52 bitcoin addresses containing 2,096.85 BTC
*

Hack believed to have originated from state-owned Chivo wallet
*

Security and transparency concerns raised
*

El Salvador adopted bitcoin as legal tender in 2021
*

Government investigating, but no public comment yet
*

Leak highlights risks of adopting bitcoin as legal tender




https://cointelegraph.com/news/el-salvador-hacks-leak-state-bitcoin-wallet submitted by /u/Darkr0n5
[link] [comments]


http://dlvr.it/T5wDhQ

Comments

Popular posts from this blog

Telegram clicker game Catizen reaches 800K paying users in first 6 months

The firm claims to have 30M total users and the top revenue spot among Telegram apps. http://dlvr.it/TCzrqv

OpenAI business users top 1M, targets premium ChatGPT subscriptions

OpenAI is looking to introduce more expensive subscription plans for upcoming large-language models like the Strawberry and Orion AI models.  http://dlvr.it/TCxTPy

The EU is destroying its own economy with its own law: Restrictions on self-custody

The new guidelines for the end of 2024: The new EBA guidelines for crypto-asset service providers (CASPs), in conjunction with the recent anti-money laundering decisions of the EU Council and Parliament, pose significant challenges for CASPs. These regulations require CASPs to intensify their risk management processes in order to meet the increased requirements for anti-money laundering and the prevention of terrorist financing. The EBA guidelines emphasize the need for a comprehensive review and possible redesign of customer due diligence (CDD) processes, the introduction of advanced transaction monitoring systems and the increased consideration of risk factors specifically relevant to crypto-assets. The EBA identifies the following as specific risk factors, among others: * Transactions, such as transfers to or from self-hosted addresses, decentralized platforms or transfers involving crypto-asset providers that are not authorized or regulated under the Regulation; * products, ...