Venezuelan Petro Blockchain Faces Operational Difficulties, Hundreds of Wallets Allegedly Blocked

The blockchain of the petro, the Venezuelan authoritative cryptocurrency asset, has been facing difficulties, halting connected May 24, with artifact accumulation restarting connected May 27 lone to halt again connected May 28. Asonacrip, a section cryptocurrency association, besides reported that hundreds of petro wallets were eliminated oregon blocked.

Venezuelan Petro Blockchain Halted

The blockchain of the petro, the authoritative Venezuelan cryptocurrency, has allegedly been facing operational problems since past week. Asonacrip, a backstage relation of crypto enthusiasts, issued a connection informing astir the issue, stating that the Petro concatenation had stopped its artifact procreation connected May 24, affecting the functionality of the cryptocurrency asset.

In a associated connection with Cryptoland.vzla, a crypto education-focused group, Asonacrip stated:

Last Wednesday (May 24) astatine 07:00 successful the morning, abruptly and without warning, the Petro Blockchain was paralyzed, making transactions betwixt antithetic wallets impossible.

However, the Petro blockchain started to nutrient blocks again connected May 27, erstwhile it issued conscionable 4 blocks earlier halting again connected May 28.

Hundreds of Wallets Blocked

The associated connection besides alerted astir a monolithic artifact and elimination of petro wallets, which occurred erstwhile the concatenation was archetypal halted. On this, the associated connection explains:

A fewer hours later, besides without warning, accounts of already hundreds of users of the PATRIA level were blocked and deleted, astir of them belonging to progressive members of this community.

Mario Silva, a Venezuelan writer and lawman of the Venezuelan Legislative Assembly, besides alerted astir the contented via societal networks astir a imaginable exploit, stating that galore users had their wallets blocked with nary explanation.

Other reports stated that withdrawals successful fiat currency were besides blocked since the involution of Sunacrip, much than 2 months ago. At the clip of writing, neither Sunacrip nor the petro authoritative enactment relationship has fixed updates connected the problems reported.

Sunacrip, the Venezuelan cryptocurrency watchdog, is nether the impermanent absorption of an involution committee aft its head, Joselit Ramirez, was arrested for alleged information successful a multi-billion dollar crypto corruption scheme.

Also, arsenic a effect of this ongoing investigation, Bitcoin miners that had legally registered their companies with the instauration person been required to halt operations until further announcement since March 24. This has caused hundreds of thousands of dollars successful losses for the sector.

What bash you deliberation astir the operational problems of the Petro blockchain and the alleged monolithic artifact of petro wallets? Tell america successful the remark conception below.