President Santiago Peña’s official X account (@SantiPenap) was hacked, leading to a fraudulent announcement regarding Bitcoin as legal tender in Paraguay. While the Presidency of Paraguay has addressed the breach and deleted the misleading post, authorities have not made any formal statements about this development. This incident follows the trend of scams targeting prominent figures online. Notably, El Salvador’s pioneering move to make Bitcoin legal tender faced challenges including low adoption rates and IMF pressure. A legitimate government initiative would never include wallet addresses encouraging users to ‘secure their stake’. The deceptive phrasing immediately raised suspicion around the authenticity of the announcement.