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Paraguay President Santiago Peña has disowned a publish from his official X account that falsely claimed the nation had adopted Bitcoin as authorized tender.
His workplace mentioned the official X account had ”introduced irregular exercise that means potential unauthorized entry” and requested the general public to disregard its content material.
Paraguay President X Account Stated Bitcoin Is Authorized Tender
The unauthorized publish had mentioned in English that Paraguay has made Bitcoin authorized tender within the nation. The now-deleted publish added that Paraguay has established a BTC reserve with $5 million, and likewise supplied a pockets deal with for buyers to “safe [their] stake.”
The deal with shared within the publish had barely been used, and solely had round $4 price of BTC. Peña’s publish yesterday was additionally the primary one which had been written in English, including to considerations that his account might have been hacked.
🚨BREAKING:🚨
IT SEEMS LIKE PARAGUAY’S PRESIDENT “X ACCOUNT” IS HACKED.
DON’T SEND ANYTHING TO THIS ADDRESS. pic.twitter.com/MvHemIgJ9m
— Ash Crypto (@Ashcryptoreal) June 9, 2025
Paraguay’s nationwide cybersecurity group is at the moment working with X to analyze the scenario.
Rising Development Of X Hacks To Promote Crypto Scams
X has been a playground for cybercriminals over time. Yesterday’s obvious rip-off publish is the newest in a rising pattern of compromised accounts of influential figures selling sham tokens and schemes.
In 2020, for instance, hackers have been capable of achieve entry to dozens of high-profile accounts, together with these belonging to Elon Musk, Barack Obama, Joe Biden, Invoice Gates, Kanye West in addition to corporations like Apple, Uber, McDonald’s and others.
Peña’s publish yesterday additionally comes amid experiences that some nations in Central and South America are contemplating following in El Salvador’s lead and searching into making Bitcoin authorized tender.
In Paraguay, politicians are nonetheless attempting to construction a regulatory framework to oversee and help the rising crypto business.
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