In a shocking incident, the official X account of Paraguayan President Santiago Peña was hacked. Hackers exploited the account to post fake information about Bitcoin and promote a cryptocurrency scam. The false Bitcoin policy update included misleading claims about legal tender status and a $5 million Bitcoin reserve. These claims were subsequently debunked by the government as false. As a result, the bitcoin market reacted with volatility, seeing a brief spike in price before correcting. The incident highlights how social media platforms are being increasingly targeted for crypto scams, urging authorities and users to be wary of unverified online information.