Paraguay President Says Ignore Pretend Bitcoin Is Authorized Tender Submit

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 doable unauthorized entry” and requested the general public to disregard its content material.

Paraguay President X Account Mentioned 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 likewise supplied a pockets tackle for buyers to “safe [their] stake.” 

The tackle shared within the submit had barely been used, and solely had round $4 price of BTC. Peña’s submit yesterday was additionally the primary one which had been written in English, including to considerations that his account could 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 crew is at the moment working with X to analyze the scenario. 

Rising Pattern Of X Hacks To Promote Crypto Scams

X has been a playground for cybercriminals over time. Yesterday’s obvious rip-off submit 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 in a position to 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 submit yesterday additionally comes amid reviews 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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