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Paraguay President Santiago Peña has disowned a submit from his official X account that falsely claimed the nation had adopted Bitcoin as authorized tender.
His workplace stated the official X account had ”offered irregular exercise that implies potential unauthorized entry” and requested the general public to disregard its content material.
Paraguay President X Account Stated Bitcoin Is Authorized Tender
The unauthorized submit had stated in English that Paraguay has made Bitcoin authorized tender within the nation. The now-deleted submit added that Paraguay has established a BTC reserve with $5 million, and in addition offered a pockets deal with for buyers to “safe [their] stake.”
The deal with shared within the submit had barely been used, and solely had round $4 value of BTC. Peña’s submit 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 workforce is at the moment working with X to research the state of affairs.
Rising Development Of X Hacks To Promote Crypto Scams
X has been a playground for cybercriminals over time. Yesterday’s obvious rip-off submit 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 in a position to acquire 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 firms like Apple, Uber, McDonald’s and others.
Peña’s submit yesterday additionally comes amid studies that some nations in Central and South America are contemplating following in El Salvador’s lead and looking out into making Bitcoin authorized tender.
In Paraguay, politicians are nonetheless attempting to construction a regulatory framework to oversee and assist the rising crypto trade.
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