The Paraguayan govt brushed apart a put up on the X memoir of President Santiago Pena announcing the country had made Bitcoin apt delicate as a hack.
Peña’s memoir additionally falsely claimed that the country had started a $5 million reserve. The tweet contained a Bitcoin address and knowledgeable would-be shoppers to “get dangle of your stake” in the carrying out.
Comunicado oficial. pic.twitter.com/Bk3XI6ohpp
— Presidencia Paraguay (@PresidenciaPy) June 9, 2025
Nevertheless the Paraguayan govt less than one hour later posted: “The president’s legitimate memoir on social media community X has irregular activity which implies that you just have to keep in mind unauthorized employ.”
Decrypt reached out to the government’s press location of enterprise for additional comment..
Cyber criminals most regularly target high-profile social media accounts to disseminate faux bulletins promising shoppers extensive returns by attempting to trick shoppers into sending their digital coins to a crypto address.
In other instances, hackers are trying to con individuals to aquire staunch into a coin that the hackers normally beget a vital half of, and then they dump their tokens, crashing the tag in the process as they money out.
Hackers in September took over the Indian Supreme Court’s YouTube channel Friday to broadcast ads shilling the cryptocurrency XRP.
Sooner than that, cybercrooks hacked X accounts of film director Oliver Stone, Yahoo News UK, and Brazilian soccer player Neymar Jr., amongst others, to promote a meme coin.
One in every of the very most attention-grabbing such hacks came about in 2020, when hackers took alter of X accounts flee by frail U.S. President Barack Obama, ex-President Joe Biden, Apple, Uber, Kanye West, Elon Musk, and Bill Gates as portion of a Bitcoin-linked rip-off.
El Salvador is the very most attention-grabbing country in the placement to have made Bitcoin apt delicate. Its govt additionally buys the cryptocurrency for its coffers, despite the Global Monetary Fund telling it to withdraw its Bitcoin legislation.
Serene, Paraguay has developed a reputation as Bitcoin-pleasant: Crypto mining operations have opened there, and President Peña previously stated he needs the country to be a tech hub.
Edited by James Rubin
