Paraguayan President Santiago Peña’s official account on the social-media platform X published a message on 9 June claiming the country had adopted Bitcoin as legal tender and created a US$5 million reserve of the cryptocurrency. Minutes later the presidential press office reported “irregular activity” on the account and urged citizens to ignore any announcements until an investigation was completed. The post was removed shortly thereafter. The government subsequently confirmed the account had been hacked. International outlets including Reuters and Bloomberg said the incident appeared to be a cryptocurrency scam, adding that Paraguay’s legal currency remains the guaraní and that no legislation or executive order on Bitcoin has been issued. Authorities have launched an inquiry into how the account was compromised. No timeline has been given for the investigation, and officials said no public funds were affected.