The X account of the President of Paraguay, Santiago Peña, was hacked on Monday.
The account posted that Paraguay was making bitcoin BTC legal tender, constituting a bitcoin reserve and issuing bitcoin bonds. It also invited investors to donate to a bitcoin wallet.
“Investors: your investment today will determine the scale of this rollout. Secure your stake in Bitcoin,” the message said in English. Peña’s previous posts were all written in Spanish.
The official page of the Presidency of Paraguay posted on X that the bitcoin-related information was false and that a non-authorized person may have accessed the account.
Paraguay has become home to large bitcoin mining operations, especially belonging to HIVE (HIVE). Unlike El Salvador, however, it has yet to establish a proper crypto regulatory framework.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
TL;DR U.S. spot Bitcoin ETFs recorded $324.6 million in net inflows on September 18. Fidelity’s…
"Bitcoin feels like the CD in the age of Spotify, the DVD in the age…
Bitcoin Magazine Bitcoin Community Recognizes Quantum Computing Risk: VanEck Quantum computing is a risk to…
Bitcoin Magazine Bitcoin Price Surges Over $81,000 Despite Clarity Act Fail and Interest Rate Hike…
Bitcoin Magazine The Next 3-5 Years of Bitcoin Lending SALT Lending CRO Hunter Albright says…
Bitcoin is down just 1.5% in its historically weakest month and remains on track for…