Bitcoin Scammers Hack X Account of Paraguay President

Paraguay’s President Santiago Pena’s X account was hacked, with scammers falsely claiming Bitcoin was legal tender. This fraudulent announcement raised concerns as there was no official government confirmation. The post was deleted shortly after the security breach was acknowledged.

In a concerning turn of events, the X account of Paraguay’s President Santiago Pena was compromised by scammers, who falsely declared Bitcoin as the country’s legal tender. This announcement, made via his official X handle (@SantiPenap), caught many off guard, particularly as no authentic government communication had backed this claim.

Shortly after, the Presidencia Paraguay X account confirmed that President Pena’s account had indeed been hacked. The apparent security breach raised eyebrows, especially since legitimate government posts never feature wallet addresses or suggest users to ‘secure your stake’. This warning sign indicated that the president had likely been duped by cybercriminals.

It’s also interesting to note the context; El Salvador was the first nation to adopt Bitcoin as legal tender in 2021, but they later rolled back some aspects of that decision. This was largely due to issues such as minimal public adoption and pressure from the International Monetary Fund (IMF).

As an update, the misleading post regarding Bitcoin has been promptly removed from President Pena’s official X account, but the incident has left many questioning the security of high-profile accounts on such platforms.