Salvadoran Official Crypto Wallet Chivo Dismisses Alleged Hacking Event – Security Bitcoin News

Chivo wallet, the official cryptocurrency wallet of El Salvador, has dismissed an alleged hack of the source code of its software and the data of over 5 million users linked to the wallet’s KYC procedures. According to Chivo, the data of Salvadorans is protected, and the security of its data has never been breached.

Chivo Wallet Disregards Hack Allegations, Qualifies Reports as ‘Fake News’

Chivo wallet, the official Salvadoran cryptocurrency wallet, has ensured that its users’ data and the wallet’s source code are protected. The organization issued a press release denying the allegations of its links to a hack that exposed the personal data of over 5 million Salvadorans.

The database, which was leaked and posted for sale in a breach forum in August, was recently released, leaving the info of the included citizens in the open. The leaked information included registries of full names, unique identity numbers, dates of birth, addresses, telephones, emails, and a picture of each Salvadoran in the list.

The data was linked to Chivo wallet’s know-your-customer (KYC) processes due to the similarity of the organization’s required data set. The Salvadoran government prompted each citizen to pass KYC processes to receive the incentives offered by the wallet at its launch ($30 in BTC at the time).

Chivo Wallet disregarded this, remarking that its information had not been leaked. It stated:

Our users’ data is protected and Chivo security has not been breached.

The organization also referred to a recent source code hack posted by the same actor that leaked the 5+ million database, stating that the files presented did not include personal data. The files leaked correspond to the storage in a Chivo ATM that was stolen on March 21, 2023, and included “information related exclusively to the ATM’s operations.”

Chivo wallet qualified the reports surrounding this leak and its links to its user data as fake news. However, there is still no source identified for the data released.

What do you think about Chivo wallet and its possible links to the Salvadoran citizens’ database leak? Tell us in the comments section below.

Source: Bitcoin

Related posts

Hedge Funds Adopt Net Short Positions on BTC and ETH Futures, Kaiko Analysis Reveals


Deadline Looms for Biden to Veto Congressional Overturn of SEC's Crypto Rules


Justin Sun Advocates Supporting a Crypto-Friendly U.S. Presidential Candidate

AI & RoboticsNews

McKesson, Merck back Atropos Health’s $33M round to accelerate drug development with AI

Sign up for our Newsletter and
stay informed!