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Paraguay probes presidential account hack after fake Bitcoin announcement.

09.06.2025 21:40

Paraguay's President Santiago Peña's official X account fell victim to a sophisticated hacking attack on Monday. The breach resulted in a deceptive post falsely proclaiming Bitcoin's adoption as legal tender in the country and the establishment of a $5 million Bitcoin reserve fund. This fabricated announcement, mimicking official government documentation, spread rapidly before being swiftly removed.

Government officials immediately issued denials, highlighting the fraudulent nature of the post. The deceptive message, curiously presented in both English and Spanish, lacked the consistency and formality expected of official government communications, raising immediate suspicions among observers. Furthermore, the absence of the announcement on any official government websites or news sources served as further evidence of its fraudulent origin. Authorities confirmed "irregular activity" on the president's account, urging citizens to rely only on verified information from official channels.

The incident sparked widespread skepticism and prompted investigations into the cyberattack. Cryptocurrency analysts and Paraguayan authorities alike quickly debunked the false claim. The deceptive post, which included a spurious government decree outlining the supposed Bitcoin initiative, attempted to lend an air of legitimacy to the fraudulent announcement. However, the inconsistencies and lack of supporting evidence effectively exposed the hoax.

This security breach serves as a stark reminder of the vulnerability of high-profile social media accounts to malicious actors. It underscores the crucial need for robust cybersecurity measures and the importance of verifying information obtained from online sources, especially those relating to significant policy changes. The incident prompted a call for increased caution and vigilance from the public regarding information disseminated on social media platforms. The Paraguayan government is currently investigating the hack and pursuing measures to prevent similar incidents in the future.