Lark Davis
Lark Davis|11月 06, 2026 08:24
Imagine half your country waking up to locked bank accounts, and the President resigning hours later. That’s Paraguay right now. The collapse in 6 bullets: 1. Ueno Bank became Paraguay’s top digital app with 3M users, over 60% of adults. 2. The government pumped hundreds of millions in public funds and pensions into it. 3. President Santiago Peña had direct financial ties, and his Central Bank chief was an ex-exec. 4. Regulators uncovered massive insider loans and missing capital, forcing an emergency seizure. 5. Banking apps froze, panic hit the streets, and prosecutors arrested top executives. 6. Facing immediate impeachment over the collapse, President Peña resigned. And people still think fiat in a bank is safer than Bitcoin. This is why Satoshi built it. 🟧
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