Hack of Paraguay President’s Social Media Debunks Bitcoin Reserve Claims

A hacking incident on June 9, 2025, targeted Paraguay’s President Santiago Peña’s social media accounts. The hackers falsely announced the creation of a $5 million Bitcoin reserve and a national bond program for crypto-enabled citizens. The government quickly confirmed the unauthorized activity, urging the public to disregard this false announcement. The hacked post has been debunked as fake, with official statements clarifying no plans exist to adopt Bitcoin as legal tender.