Paraguayan President's Account Hacked With Fake Bitcoin Ad

• Paraguayan Presidency denies legalization of Bitcoin
• President's X account compromised by hackers
• Government denies creation of Bitcoin treasury

The Paraguayan presidency confirmed on Sunday (9) that the official account of President Santiago Peña on the X platform was compromised by third parties. The invasion resulted in the publication of a false message stating that the country would adopt Bitcoin as legal tender and create a national reserve of US$ 5 million in cryptocurrencies.

The forged post featured a supposed presidential speech with Peña’s image, accompanied by the phrase: “Presidential speech on the legalization of Bitcoin as legal tender.” The content claimed that new legislation would officially recognize Bitcoin as a means of payment in Paraguay, in addition to promising to issue bonds accessible only to “cryptocurrency-enabled” citizens.

Official statement pic.twitter.com/Bk3XI6ohpp

— Presidency Paraguay (@PresidenciaPy) June 9, 2025

In English, the caption reinforced the fraud by declaring that “President Peña confirms access to $5 million reserve in BTC + bonds for crypto-enabled citizens,” encouraging would-be investors to participate immediately. The message also included a Bitcoin wallet address, which at the time of verification had not received funds.

A few minutes after the publication, the Presidency’s Communications Secretariat responded, classifying the content as false and confirming the irregular activity on the president’s account. The Paraguayan Cyber ​​Incident Response Center (CERTPY) began the investigation in collaboration with the X platform team to identify the origin of the violation.

The Paraguayan government reinforced that there is no official decree involving the legalization of Bitcoin, the creation of a cryptocurrency treasury or the issuance of bonds linked to the digital asset.

Authorities said any legitimate policy statements will only be made public through verified official channels. The fraudulent post has been removed and further updates will be shared as the investigation progresses.