Turkish MASAK fines local cryptocurrency exchange Binance $ 750,000

On December 25, hundreds of Salvadoran citizens reported that they had lost their bitcoins in the state-owned cryptocurrency wallet, Chibo. Twitter user El Comisionado recently reported 50 such incidents, with a total drop of less than US $ 96,220. He also said: “The government (El Salvador) does not recognize its mistakes and is silent. But that's one of the questions people need to answer. Months to get their money back. Salvador police have confirmed the incident. “I don't think Chivo is safe, because the code in the app is not open source, so no one can verify it,” said Rogzy, a Salvadoran citizen and Bitcoin enthusiast. He also said that not many people use this wallet because most people “don't know how to use the factory”. Former President Nayib Bukele said Chivo reached 2.1 million users and the country's total population reached 6.5 million. He also admitted that there were trade issues with the Chibo wallet, but the government still could not resolve the issue. (Basic crypto)