Paraguay President Santiago Peña’s official X (formerly called Twitter) account was attacked by cyber in the evening on Monday, June 9, 2025. The account was made from the account that Paraguay declared Bitcoin a legal currency, formed Bitcoin reserves, and allegedly issuing Bitcoin bonds. Even a wallet address was given to donate from investors.

The following statements took place in the sharing:

“Investors: Your Investment Today Will Determine

This message, written in English, aroused suspicion in a short time because President Peña had previously shared only Spanish content. The official account of the Paraguay Presidential Office came into play and announced that it was fake and unauthorized access to President Peña’s account.

El Salvador comparison in the crypto world is on the agenda

In recent years, Paraguay has become an important center in Bitcoin mining, especially using hydroelectric sources. Large mining companies such as Hıve Digital are actively operating in the country. However, like Paraguay, El Salvador, Bitcoin has not yet had an arrangement that declares legal money. There is still a comprehensive crypto regulation framework in the country.

For this reason, the content of the sharing has created serious confusion for both local and global investors.

Investment fraud alarm on social media

The attack once again revealed the point of frauds made through crypto assets and social media accounts. In particular, such disinformation, which spread over the accounts of government officials, requires investors to be careful.

In such attacks, cyber security experts emphasize that the target is not only reputation, but often the assets of investors. This type of violations continues despite the methods of protection of social media platforms such as X (Twitter), such as multi -factor authentication.

This incident in Paraguay shows how sensitive the crypto adaptation in Latin America is on sensitive balances. Speculative explanations without the creation of a legal frame - real or fake - can have a serious impact on markets. After the incident, no significant mobility was observed in Bitcoin prices, while the incident aroused a great impact on social media.