The Paraguayan government has made an official statement President Santiago Peña’s verified X account was hacked and on June 9th published an unauthorized declaration that Bitcoin (BTC) will become fiat currency.
The post also included a false plan to establish the Bitcoin Treasury Department and add $5 million to BTC. Breaked accounts Images have been displayed “” The President’s speech on the legalization of Bitcoin is entitled “as fiat currency.”
The text attributed to Peña allegedly claims that the new law “officially recognizes Bitcoin as fiat currency” and pledged to hold a government BTC reserve worth $5 million at the National Treasury Department.
He also promised a bond issue limited to “crypto-enabled” citizens, urging readers to contact Treasury staff.
The caption, posted in the English image, reiterated the legal tender’s claim, saying “President Peña confirms $5 million BTC reserve + bond access for crypto-enabled citizens,” encouraging investors to “securing Bitcoin stocks now.”
The message contained a Bitcoin address that had not received any BTC at the time of pressing.
Investigation has begun for incorrect posting
Minutes after the order appeared, the official explanation of the Republic’s presidency answered, calling the information false.
He added that X’s president’s account had shown “irregular activity suggesting possible access.”
According to the statement, Certpy, the National Incide Response team, has worked with X staff to clarify the situation and asks citizens to ignore recent content until official confirmations are released.
The presidency announcement did not provide further technical details and did not reveal how the attackers gained access or how long they managed their accounts.
There are no official policy changes
Paraguay’s government has not issued any official statutes that grant legal bid status for Bitcoin, set up a $5 million reserve, or provide bonds to cryptocurrency users.
The presidency repeated that once the investigation was completed, it would communicate true policy action through established official channels.
The government said it would remove the fraud order and provide updates on the violations through verified outlets.
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