This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Paraguay’s government dismissed a Bitcoin reserve announcement on President Santiago Peña’s X account as a hack. The tweet falsely claimed Bitcoin was made legal tender and urged investments into a $5 million reserve.
- Paraguay's president's X account falsely announced Bitcoin as legal tender and a $5M reserve, later confirmed as a hack.
- High-profile X account hacks are often used to promote crypto scams, including fake investment opportunities.
- El Salvador remains the only country in the region with Bitcoin as legal tender, despite IMF criticism.
📎 Related coverage from: decrypt.co
Other Tags: Barack Obama, Bill Gates, Joe Biden, Kanye West, UBER, El Salvador, International Monetary Fund