Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Rumble Integrates Bitcoin Lightning with New Crypto Wallet

    Rumble to Integrate Bitcoin Lightning for Payments

    Ukraine Introduces Bill for Strategic Bitcoin Reserve

    Bitcoin Core’s OP_RETURN Update Sees Satoshi Fund Withdrawal

    BlackRock’s Mitchnick Calls Bitcoin Adoption ‘Very Early’

    Michael Saylor Suggests Apple Should Invest in Bitcoin

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    XRP Faces Regulatory Uncertainty amid Bullish Price Pattern

    Nasdaq Files to List 21Shares SUI ETF

    Worldcoin Surges Amidst Google-OpenAI Cloud Deal News

    Ripple Partners with Guggenheim for XRPL Asset Issuance

    Ripple Partners with Guggenheim on XRP Ledger Project

    Pi Network Eyes Potential Surge Amid Technical Indicators

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Paraguay’s President’s X Account Hacked, Bitcoin Scam Debunked

Anca F. by Anca F.
June 9, 2025
in Bitcoin News
Key Points:
  • Peña’s X account was hacked; Bitcoin was falsely declared legal tender.
  • No real financial changes or market shifts reported.
  • Government urged citizens to ignore fraudulent posts.
santiago-penas-x-account-security-breach-announcing-bitcoin-as-legal-tender
Santiago Peña’s X Account Security Breach Announcing Bitcoin as Legal Tender

Santiago Peña, President of Paraguay, faced a security breach on his X account, which hackers used to announce Bitcoin as legal tender. The incident occurred on Monday and quickly received government clarification.

Incident Overview

Hacking of President Santiago Peña’s official X account led to false posts about Bitcoin’s legal status. The government quickly refuted these claims, maintaining regular communications to affirm no real policy changes. Paraguayan Government Spokesperson stated, “Paraguay’s government on Monday said that President Santiago Pena’s X account had presented ‘irregular activity,’ minutes after the leader appeared to promote trading of cryptocurrency Bitcoin. The government asked citizens to ignore posts from the account until official confirmation was made available.” — Reuters summary.

Santiago Peña was the focus of this incident. Hackers misused his official account to declare Bitcoin legal, but the government rapidly communicated the account breach and advised citizens to disregard the fraudulent announcements.

Cybersecurity Implications

The false information, suggesting Bitcoin legalization, saw no market impacts as the claims were invalidated. Government channels confirmed all cryptocurrency-related posts on Peña’s account were unauthorized.

The incident showcased the need for robust cybersecurity measures. As President’s account faced a breach, it reminded stakeholders of vulnerabilities in digital communications.

Market Reaction

No significant financial or market shifts occurred following the hack, and official channels kept misinformation in check.

Future technological vigilance is expected, as historical patterns show increased focus on securing digital infrastructures post such incidents. The government’s rapid clarification aided in containing potential false market reactions.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

BlackRock’s Bitcoin ETF Achieves $70B AUM Milestone

Next Post

Peter Schiff Criticizes Bitcoin, Endorses Gold at Conference

Anca F.

Anca F.

Related Posts

Rumble Integrates Bitcoin Lightning with New Crypto Wallet

by Solomon M.
June 11, 2025

Rumble reportedly develops a Bitcoin Lightning wallet, enhancing crypto adoption. Key updates on leadership and market impact.

Rumble to Integrate Bitcoin Lightning for Payments

by Solomon M.
June 11, 2025

Rumble to integrate Bitcoin Lightning, enhancing creator payments through a new crypto wallet amid growing digital currency adoption.

Ukraine Introduces Bill for Strategic Bitcoin Reserve

by Solomon M.
June 11, 2025

Ukraine proposes bill for a national Bitcoin reserve, managed by the National Bank, partnered by Binance.

Bitcoin Core’s OP_RETURN Update Sees Satoshi Fund Withdrawal

by Solomon M.
June 11, 2025

Bitcoin Core's OP_RETURN data limit increase leads to development funding cuts by Satoshi Action Fund.

BlackRock’s Mitchnick Calls Bitcoin Adoption ‘Very Early’

by Solomon M.
June 11, 2025

BlackRock's Robert Mitchnick comments on Bitcoin ETF adoption, highlighting early wealth advisor engagement.

Michael Saylor Suggests Apple Should Invest in Bitcoin

by Solomon M.
June 11, 2025

Michael Saylor encourages Apple to buy Bitcoin amid stock buyback concerns, sparking market discourse.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.