News

Fake Trump Family Crypto Project Promoted By X Account Hack

Key Points:

The X accounts of Lara and Tiffany Trump were hacked to promote a fake cryptocurrency token linked to World Liberty Financial.
Eric Trump confirmed the hacks and warned against engaging with the fraudulent posts, which have since been removed.
This incident is the latest in a series of scams falsely associated with the Trump family crypto project.

X accounts belonging to Lara Trump, the daughter-in-law of former U.S. President Donald Trump, and Tiffany Trump, his daughter, were compromised Tuesday evening to push a cryptocurrency token linked to World Liberty Financial.

Trump Family X Accounts Hacked in Cryptocurrency Scam

World Liberty Financial has been associated with the Trump family and reportedly endorsed by them, though recent events seem to suggest otherwise.

These included posts from hackers who shoved blockchain addresses and claimed the token was part of the projects under the Trump family crypto project.

In particular, Lara Trump’s compromised account sent one message purporting that the project’s governance token, on the Solana blockchain, would serve to help fuel and support their DeFi lending protocol. However, such posts emerged as fake and were hence taken down.

Eric Trump later confirmed on X that both profiles had been compromised and warned followers to avoid any interactions with the scam addresses. In response, World Liberty Financial issued a statement, urging people to disregard any links or purchases from the hacked accounts.

Ongoing Scams Falsely Tied to the Trump Family Crypto Project

The incident is at least the third time that a cryptocurrency token, apparently linked to the Trump family crypto project, has appeared. Other instances include the highly controversial DJT token and the Restore the Republic token, which briefly reached a high valuation and then crashed.

The Trump family has been advertising World Liberty Financial for weeks, and speculation has mounted that the project will be on the Ethereum blockchain and Aave’s decentralized finance platform. The Trump family crypto project is expected to include the system for a credit account whose token was issued, which is called WLFI.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.