Paraguay Says Presidential X Post Promising Bitcoin Reserve a Hack
The Paraguayan government dismissed a tweet from President Santiago Peña's X account claiming Bitcoin had been made legal tender as a hack. The false post also mentioned a $5 million reserve and included a Bitcoin address, urging investments. The government confirmed irregular activity on the president's account, indicating possible unauthorized use. Cybercriminals often target high-profile accounts to promote scams, tricking investors into sending digital assets. Previous hacks have targeted various notable figures and organizations to promote cryptocurrencies. El Salvador remains the only country in the region to adopt Bitcoin as legal tender, while Paraguay is seen as Bitcoin-friendly, with growing crypto mining operations and aspirations to become a tech hub.
