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Paraguay president’s X account hacked, falsely claims Bitcoin as legal tender

Paraguay president’s X account hacked, falsely claims Bitcoin as legal tender

Crypto.NewsCrypto.News2025/06/08 16:00
By:By Micah ZimmermanEdited by Jayson Derrick

Paraguay’s government announced Monday that President Santiago Peña’s X account may have been hacked after it shared a post falsely claiming that Bitcoin had been declared legal tender in the country.

The post, written in English and accompanied by a Spanish-language statement, asserted that Paraguay was launching a $5 million Bitcoin-backed reserve fund and integrating the cryptocurrency into its national financial system. 

It featured what appeared to be an official government decree, using the national coat of arms and official-looking formatting.

The now-deleted tweet immediately drew skepticism due to its promotional tone, formatting inconsistencies, and absence from any official Paraguayan government channels. No confirmation appeared on government websites or state-run media.

The social media account of Paraguayan President Santiago Peña appears to have been compromised, with a post claiming that Bitcoin has been declared legal tender in Paraguay and that a $5 million BTC reserve has been established as part of the national treasury. However, on-chain…

— Wu Blockchain (@WuBlockchain) June 9, 2025

‘Irregular activity’ 

In a statement, Paraguayan officials said the President’s account “presented irregular activity,” suggesting unauthorized access. They urged citizens to disregard the post and wait for verified information.

“The president’s official X account has presented irregular activity which suggests possible unauthorized entry,” the government said in a statement, per Reuters . 

Countries like El Salvador have made Bitcoin ( BTC ) legal tender, but Paraguay has not previously announced any such plans.

Paraguayan authorities had not provided further details about who may have accessed the account or how.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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