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Paraguay president’s X account likely hacked in Bitcoin scheme

The government asked citizens to ignore posts from the account until official confirmation was made available.

Paraguay's government on Monday said that President Santiago Pena's X account had presented "irregular activity." (Photo/X/@SantiPenap)

Paraguay’s government on Monday said that President Santiago Pena’s X account had likely been hacked after the leader appeared to promote trading of cryptocurrency Bitcoin.

“The president’s official X account has presented irregular activity which suggests possible unauthorized entry,” the government said in a statement.

A post on Pena’s account in English, with a Spanish-language statement purporting to be from the government, had declared that the Latin American country had made Bitcoin legal tender and that it would roll out a $5 million Bitcoin-backed reserve fund.

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The government asked citizens to ignore posts from the account until official confirmation was made available.

Paraguay’s national cybersecurity team was working with X to investigate the situation, the government added. X did not immediately respond to a request for comment.

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