A potential hack on Paraguayan President Santiago Peña’s X account has led to misinformation regarding the nation’s stance on Bitcoin. The president initially posted that Paraguay had declared Bitcoin legal tender and established a $5 million BTC reserve, but later removed the claims following suspicions of unauthorized activity. This incident follows a growing trend of crypto scammers exploiting high-profile social media accounts for malicious purposes. Notably, other political figures have been victims of such hacks, including Indian Prime Minister Narendra Modi who faced a similar false Bitcoin legal tender claim in 2021. The security breach highlights the vulnerability of digital platforms and the need to reinforce account security measures against cybercriminals.