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In recent news that has disrupted the crypto network in El Salvador, the Chivo wallet, a key component of the country’s pioneering crypto program, has found a serious security flaw. This incident is due to unauthorized disclosure of source code snippets and primary VPN access points. Through the cybercriminal organization CiberInteligenciaSV. La leak revealed on Tuesday on an online hacking forum, poses a serious risk to the integrity of El Salvador’s official Bitcoin wallet.
The cybercriminals involved in this breach had already made headlines by leaking private data belonging to approximately 5. 1 million Salvadorans. This earlier attack appears to be a punitive measure against the Salvadoran government, which has refused to dialogue with the hackers. Why cybercriminals prefer to talk to government officials remains a mystery.
The recent publication by CyberIntelligenceSV explains the nature of the leaked information, as the organization said on Tuesday:
This time I bring you the internal code of the Bitcoin Chivo Wallet ATMs in El Salvador, which is a government wallet, and as you know we don’t sell, we publish everything for free for you. The hackers’ continued defiance of the Salvadoran government’s initiatives.
El Salvador’s foray into the area of cryptocurrencies began in 2021, when it became the first country to adopt Bitcoin as legal tender. This ambitious measure aimed to mitigate the negative economic effects of the fall in the price of the local currency. By introducing Chivo Wallet, the government sought to make it less difficult for its citizens to buy, sell, and acquire Bitcoin, boosting their monetary autonomy.
The recent breaches are a testament to the persistent vulnerabilities in the national crypto program, especially as the price of some cryptocurrencies is at its highest point in two years. However, on April 24, 2024, Chivo Wallet published a report addressing recent considerations about a security breach. In X. La company emphasizes that user data remains secure and that there have been no breaches within its formula. They explain that the only information disclosed was similar to a single incident at an ATM in San Miguel and did not relate to any private knowledge. of the user or any confidential knowledge of the wallet. The aforementioned incident dates back to March 21, 2023, however, Chivo assures that the integrity of its formula remains intact as of April 23, 2024.
Our users’ knowledge is that, at the time, they breached CHIVO’s security.
PRESS RELEASE
The knowledge of our users is and the security of CHIVO has not been violada. pic. twitter. com/uGq3FhJ6ld
– Chivo (@chivowallet) April 24, 2024
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Victor has a background in computer science and math and loves all things crypto. His love of writing dates back to his early formative years and is expressed by combining generation and artistic expression to tell others about the latest developments in the cryptocurrency and blockchain space. Victor, a resident of the San Francisco Bay Area, graduated with honors from the San Francisco Bay Area.
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