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 ”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 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 tackle for buyers to “safe [their] stake.” 

The tackle shared within the publish had barely been used, and solely had round $4 value of BTC. Peña’s publish 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 staff is at the moment working with X to research the scenario. 

Rising Pattern Of X Hacks To Promote Crypto Scams

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

In 2020, for instance, hackers had 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 publish yesterday additionally comes amid stories that some international locations 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 making an attempt to construction a regulatory framework to oversee and help the rising crypto trade.

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