Paraguay President's X Account Hacked with False Bitcoin Claims

Paraguay's government recently announced that the official X (formerly Twitter) account of President Santiago Pena was likely compromised. The hacked account posted deceptive messages alleging that Paraguay had adopted Bitcoin as legal tender and was setting up a $5 million Bitcoin-backed reserve fund. These claims are false and have been strongly denied by the government, which has urged citizens to disregard any content from the account until verified information is released.

The national cybersecurity team in Paraguay is actively investigating the incident and is coordinating with X to understand the breach and secure the platform. Despite this, X has yet to release any public statement concerning the hack.

This event highlights the ongoing cybersecurity risks in the cryptocurrency space and the importance of safeguarding digital accounts, especially those of public figures and governments.

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