Paraguay President Says Ignore Faux Bitcoin Is Authorized Tender Publish

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Paraguay President X Account Stated Bitcoin Is Authorized Tender Rising Development Of X Hacks To Promote Crypto Scams Associated Articles:

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Paraguay President Santiago Peña has disowned a put up from his official X account that falsely claimed the nation had adopted Bitcoin as authorized tender.

His workplace stated the official X account had ”introduced irregular exercise that means doable unauthorized entry” and requested the general public to disregard its content material.

Paraguay President Says Ignore Faux Bitcoin Is Authorized Tender Publish

Paraguay President X Account Stated Bitcoin Is Authorized Tender

The unauthorized put up had stated in English that Paraguay has made Bitcoin authorized tender within the nation. The now-deleted put up added that Paraguay has established a BTC reserve with $5 million, and likewise supplied a pockets handle for traders to “safe [their] stake.”

The handle shared within the put up had barely been used, and solely had round $4 price of BTC. Peña’s put up yesterday was additionally the primary one which had been written in English, including to issues 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 present working with X to analyze the scenario.

Rising Development Of X Hacks To Promote Crypto Scams

X has been a playground for cybercriminals through the years. Yesterday’s obvious rip-off put up is the most recent in a rising development of compromised accounts of influential figures selling sham tokens and schemes.

In 2020, for instance, hackers have been capable of 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 corporations like Apple, Uber, McDonald’s and others.

Peña’s put up yesterday additionally comes amid stories 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.