The Paraguayan authorities made an official assertion that President Santiago Peña’s verified X account was hacked and printed an unauthorized declaration that Bitcoin (BTC) can be made authorized tender on June 9.
The publish additionally included a false plan to determine a Bitcoin treasury and add $5 million in BTC. The compromised account displayed a picture titled “”Presidential speech about Bitcoin legalization as authorized tender.”
The textual content, attributed to Peña, claimed {that a} new legislation “formally acknowledges Bitcoin as authorized tender” and pledged a authorities BTC reserve valued at $5 million, held within the nationwide treasury.
It additionally promised bond points restricted to “crypto-enabled” residents and urged readers to contact treasury workers.
A caption posted with the picture in English repeated the legal-tender declare and acknowledged that “President Peña confirms $5M BTC reserve + bond entry for crypto-enabled residents,” and inspired traders to “safe your stake in Bitcoin now.”
The message included a Bitcoin deal with, which has not acquired any BTC as of press time.
Investigation launched into false publish
Minutes after the decree appeared, the official account of the Presidency of the Republic replied, calling the data false.
It added that the president’s account on X had proven “irregular exercise suggesting a possible unauthorized entry.”
In line with the assertion, the nationwide incident response workforce, CERTPY, is working with X workers to make clear the state of affairs and requested residents to ignore any current content material till an official affirmation is launched.
The presidency announcement offered no additional technical particulars and didn’t disclose how the attackers gained entry or how lengthy they managed the account.
No official coverage change
Paraguay’s authorities has issued no official decree that grants Bitcoin authorized tender standing, units apart a $5 million reserve, or presents bonds to cryptocurrency customers.
The presidency reiterated that it’ll talk any real coverage actions by means of established official channels as soon as the investigation concludes.
The federal government eliminated the fraudulent decree and stated it will present updates on the breach by means of its verified retailers.
