Bitcoin address in the tweet suggests that the profile was hacked and the message is an attempt at a scam.
Bitcoin logo on the flag of Paraguay.
The profile of Santiago Peña, President of Paraguay, published a suspicious message on X, formerly Twitter, this Monday (9). The text states that the country adopted Bitcoin as legal tender and is creating a reserve of $5 million in BTC.
In the comments, many followers were surprised by the announcement.
About 13 minutes later, another official profile of the Paraguayan government revealed that Peña's account may have been a victim of a hack, asking the public to disregard any messages until an official confirmation is issued.
Profile of the President of Paraguay on X states that the country adopted Bitcoin as legal tender.
At the time of this writing, Santiago Peña's publication has nearly 200,000 views. The text states that Paraguay adopted Bitcoin as legal tender and is creating a strategic reserve of the cryptocurrency.
"Official: Paraguay makes Bitcoin legal tender! President Peña confirms $5 million reserve in BTC + access to bonds for citizens with cryptocurrencies."
Profile of Santiago Peña, President of Paraguay, stating that the country adopted Bitcoin as currency. Source: X.
However, the text continues pointing to a Bitcoin address with the words that "your investment today will determine the scale of this implementation," meaning a strong indication that it is a scam.
An on-chain analysis made by Livecoins shows that the address has already received ~0.026 BTC (R$ 16,000). The only transaction received, however, occurred months before the above tweet.
In other words, no one has fallen for the scam so far, although the publication remains active on X.
If it weren't for this red flag, the content of the fake letter seems well written, citing the benefits of Bitcoin and how the cryptocurrency could improve the economy and lives of Paraguayans.
Profile of the Paraguayan government denies tweet from its president.
Just a few minutes after Santiago Peña's publication, another verified profile of the Paraguayan government denied the information. The text points out that the account appears to have been hacked by third parties.
"We inform you that the official account of the President of the Republic on the social network X showed irregular activity suggesting possible unauthorized access."
"The CERTPY team is already working together with the X platform to clarify the situation," continues the text from the Presidencia Paraguay profile. "We ask citizens to disregard any content published recently until an official confirmation is issued."
Profile of the Paraguayan government denies information published by the President of Paraguay's account on social media. Source: X.