Venezuelan Petro Blockchain Faces Operational Difficulties, Hundreds of Wallets Allegedly Blocked
The blockchain of the petro, the Venezuelan official cryptocurrency asset, has been facing difficulties,
halting on May 24, with block production restarting on May 27 only to stop again on
May 28. Asonacrip, a local cryptocurrency association, also reported that hundreds of petro wallets were eliminated or blocked.
The blockchain of the petro, the official Venezuelan cryptocurrency,
has allegedly been facing operational problems since last week.
However, the Petro blockchain started to produce blocks again on
May 27, when it issued just four blocks before
halting again on
May 28.
The joint statement also alerted about a massive block and elimination of petro wallets, which occurred when the chain was first halted.
Mario Silva, a Venezuelan journalist and deputy of the
Venezuelan Legislative Assembly, also alerted about the issue via social networks about a possible exploit, stating that many users had
their wallets blocked with no explanation.
Sunacrip, the Venezuelan cryptocurrency watchdog, is under the temporary management of an intervention board after its head, Joselit Ramirez, was arrested for alleged participation in a multi-billion dollar crypto corruption scheme.
