Recent reports have raised concerns about the source and ownership of Bitcoin in El Salvador's public funds. Investigations reveal that 80% of the Bitcoin deposited between March 12 and 14 originated from Bitfinex, a company with significant influence on cryptocurrency policies in El Salvador. This has led to speculation about the potential misuse of public funds, especially in light of El Salvador's reliance on Bitfinex for its daily Bitcoin purchases. Additionally, only 20% of the total BTC held in El Salvador's public address comes from the Chivo ecosystem, with the rest being transferred from a Bitfinex wallet just before the announcement. These revelations come at a time when El Salvador's public university system faces a budget crisis, having been defunded by over $50 million by the Bukele administration, which is also accused of buying Bitcoin with public money via Bitfinex.
Bitfinex helping the El Salvador dictator embezzle funds from the public. Nothing to see here. Just known frauds and money launderers ripping off even more people. https://t.co/X1o5LaqTqp https://t.co/vFLU8ZSlR2
El Salvador's public university system acknowledges being drowned in a budget crisis after the Bukele administration defunded it by over $50 million. Simultaneously, Bukele reportedly has been buying #Bitcoin with public money via Bitfinex. https://t.co/daYNRI4f0K
NEW: Article raises concerns about the ownership of El Salvador's Bitcoin, revealing that only 20% of the total BTC held in their public address originates from the Chivo ecosystem. The remaining 80% were transferred from a Bitfinex wallet shortly before the announcement. https://t.co/U7xLR0Xx76
#Salvadoran Press Report Raises Doubts on Piggy Bank Funds' Ownership: 80% #BTC Came From #Bitfinex https://t.co/pZlgZzTtkr
#Salvadoran Press Raises Doubts on Piggy Bank Funds' Ownership: 80% #BTC Came From #Bitfinex https://t.co/pZlgZzTtkr
El Salvador leans on Bitfinex for daily bitcoin buy https://t.co/w30cu42aAy
Los “Bitcoin al día”, como el 80 % de lo que fue depositado entre el 12 y el 14 de marzo, estos provienen de la empresa Bitfinex, con enorme influencia en la creación de políticas en torno a las criptomonedas en El Salvador. https://t.co/oxJ0dGd9Dl