tl;dr
The Paraguayan presidency confirmed that President Santiago Peña’s verified X account was hacked, resulting in a false post claiming Bitcoin would become legal tender, a $5 million Bitcoin treasury would be established, and crypto-enabled citizens would have access to bonds. The government denounced...
The Paraguayan presidency confirmed that President Santiago Peña’s verified X account was hacked, resulting in a false post claiming Bitcoin would become legal tender and a $5 million Bitcoin reserve would be established. The fraudulent message also falsely promised bond issues for crypto-enabled citizens. This misinformation was promptly debunked by the government, which stated no official policy changes had occurred.
The hacked post included an image titled “Presidential speech about Bitcoin legalization as legal tender,” falsely asserting that a new law recognizes Bitcoin as legal tender and pledges a $5 million BTC reserve in the national treasury. Additionally, it encouraged citizens to engage with treasury staff and secure their Bitcoin investments. However, the Bitcoin address shared in the post had received no funds.
Minutes after the false decree appeared, the Presidency of the Republic’s official account declared the information to be false, announcing that President Peña’s X account showed signs of unauthorized access. The national incident response team, CERTPY, is collaborating with X staff to investigate the breach. Citizens were urged to disregard recent content until official updates are provided.
Paraguay’s government emphasized that no official decree has been issued to grant Bitcoin legal tender status or to establish a $5 million BTC reserve. Genuine policy actions will be communicated through official channels once the investigation is complete. The fraudulent post was removed, and the presidency pledged to keep the public informed about the breach through verified outlets.