A cyberattack on Paraguayan President Santiago Peña’s official X account led to a fabricated announcement falsely declaring Bitcoin as legal tender in the country. Government officials promptly refuted the claim, confirming no such policy change was under consideration and urging citizens to disregard the unauthorized message.
The incident caused temporary market confusion but resulted in negligible impact on Bitcoin’s price. Industry experts attributed this minimal market reaction to growing resilience against misinformation, supported by enhanced regulatory oversight and informed investor communities.
The unauthorized post has been removed as authorities investigate the security breach. This event underscores persistent cybersecurity vulnerabilities facing public figures and emphasizes the critical need for transparent communication protocols to counter digital misinformation campaigns targeting cryptocurrency policies.