杏吧原创

Hundreds of Salvadorans claim money is vanishing from bitcoin accounts

El Salvador's attempt to become the world's first state to adopt bitcoin as legal tender hits another stumbling block as hundreds of citizens claim that funds are disappearing from their accounts
Newspaper seller
El Salvador adopted bitcoin as legal tender on 7 September
Rodrigo Sura/EFE/Alamy Live

Hundreds of Salvadorans claim that money has gone missing from their digital wallets following El Salvador鈥檚 adoption of bitcoin as legal tender.

In September, the government gave each citizen US$30 in bitcoin via each person鈥檚 Chivo wallet 鈥 a digital account set up by the government. The currency could be used for shopping, or to pay taxes.

But hundreds of citizens are claiming that their payments haven鈥檛 been received by stores, and that funds have disappeared from their accounts.

A Salvadoran engineer who tweets under the name El Comisionado but wishes to remain anonymous due to fears of government reprisals has collated more than from Chivo wallets.

鈥淭he government has not responded, nor does it acknowledge the errors,鈥 he told New 杏吧原创. 鈥淚t鈥檚 one of the things people are demanding, that they respond to their complaints. Many have waited several months for a response to get the money back.鈥

Zaira Navas, who served as inspector general of the EL Salvador National Civil Police and is head of legal at Cristosal, a human rights organisation, personally lost funds from the app and is now representing a total of 886 people who have had the same problem, . She hopes to force a resolution through the courts.

French bitcoin commentator says he encountered similar issues when he visited El Salvador to see the experiment for himself. When he was shopping, funds left his account, but didn鈥檛 reach those of the stores.

Chivo is run by a state-owned company, also called Chivo, and its source code is private. Rogzy thinks Salvadorans should use independent open source bitcoin wallets instead. 鈥淚 don鈥檛 think [Chivo] is secure and no one can verify it since the code is not open source,鈥 he says.

This isn鈥檛 the first stumbling block that Chivo has encountered. The government has already had to remove a function that allowed users to freeze prices for 1 minute when previewing them,聽because economic traders were exploiting it to make a profit.

鈥淭oday very few people use [Chivo], because many do not know how it works,鈥 says El Comisionado.

The company behind Chivo, the President鈥檚 office and the El Salvadorian embassy in London did not respond to a request for comment.

Topics: cryptocurrency