Paraguay’s President Santiago Peña was the latest victim of social media hacking when his official X (formerly Twitter) account was seized to falsely announce Bitcoin as legal tender in the country. The hacker posted claims that Paraguay had adopted Bitcoin as legal tender, introduced a $5 million BTC reserve, and even included a wallet address for citizens to send funds with promises of receiving bond access based on investment amounts. This post quickly garnered attention before being flagged by the official presidential X account, which issued a statement refuting the information. Remarkably, the hacker concealed replies from the verified government account, aiming to trick users into believing the scam was real. On-chain data reveals that the provided wallet only holds $4 and hasn’t received any transactions since the post went live. This incident highlights the growing trend of cybercriminals exploiting prominent figures like President Peña to spread misinformation about cryptocurrency scams. As a result of this incident, individuals are encouraged to verify information on crypto news sources and be wary of suspicious links or wallets even if they originate from verified accounts. The Paraguayan authorities are actively investigating the case, advising all citizens not to interact with suspicious links or wallets.