Hundreds of Salvadorans say hackers opened Chivo Wallets with their ID numbers to claim the $30 bitcoin incentive dangled by Nayib Bukeleâs government.
So-called pass-through coverage would insure the holders of these tokens against losses up to $250,000 if the bank holding the collateral were to fail.
El Salvador is looking to bolster adoption of its government-issued Chivo Bitcoin wallet by offering discounts on petrol purchases of $0.20 per gallon to consumers who pay using BTC.