Paraguay’s President Hacked: Bitcoin Takes Over! Or Not?

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In a twist that could only be described as a cosmic joke, Paraguay’s government announced on a rather unremarkable Monday that President Santiago Peña’s X account had possibly been hacked. Yes, you heard that right! The account, which is supposed to be a bastion of presidential wisdom, decided to share a post claiming that Bitcoin had been declared legal tender in the country. Because, of course, why not throw a digital currency party in a nation that hasn’t even sent out the invitations?

The post, which was written in English (because who needs to cater to the locals, right?), came with a Spanish-language statement that boldly asserted Paraguay was launching a $5 million Bitcoin-backed reserve fund. It was as if someone had taken a wild leap into the future and landed smack dab in the middle of a cryptocurrency convention. And just to add a sprinkle of authenticity, it featured what looked like an official government decree, complete with the national coat of arms and formatting that would make any bureaucrat weep with joy.

However, the now-deleted tweet was met with skepticism faster than you can say “blockchain.” The promotional tone, formatting inconsistencies, and the glaring absence from any official Paraguayan government channels made it clear that this was not your average Tuesday announcement. In fact, it was more like a poorly executed magic trick—now you see it, now you don’t!

The social media account of Paraguayan President Santiago Peña appears to have been compromised, with a post claiming that Bitcoin has been declared legal tender in Paraguay and that a $5 million BTC reserve has been established as part of the national treasury. However, on-chain…

— Wu Blockchain (@WuBlockchain) June 9, 2025

‘Irregular activity’

In a statement that could have been lifted straight from a sci-fi novel, Paraguayan officials declared that the President’s account had “presented irregular activity.” This, of course, is bureaucratic speak for “someone has been playing with the digital keys.” They urged citizens to disregard the post and wait for verified information, which is a polite way of saying, “We have no idea what’s going on, but please don’t panic!”

“The president’s official X account has presented irregular activity which suggests possible unauthorized entry,” the government said, as if they were discussing a particularly troublesome house guest. Meanwhile, countries like El Salvador have made Bitcoin (BTC) legal tender, but Paraguay has not previously announced any such plans. So, it seems the only thing that’s truly legal in Paraguay is the confusion surrounding this whole debacle.

As for who may have accessed the account or how, Paraguayan authorities had not provided further details. Perhaps they’re still trying to figure out if it was a rogue hacker or just a very enthusiastic intern with a penchant for cryptocurrency.

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2025-06-09 22:54