Originally published on: September 04, 2024
Former President Donald Trump’s family members Lara and Tiffany Trump fell victim to hackers who used their X accounts to promote fake crypto projects. The incident occurred on September 4 and was brought to light in a message to the official Telegram group chat of Trump’s new decentralized finance (DeFi) venture, World Liberty Financial.
The hackers posted links to bogus crypto projects on the hacked accounts, urging users not to click on any links or purchase tokens shared by them until the issue is resolved. Lara’s husband, Eric Trump, confirmed the hack in a now-deleted post and assured that both accounts were immediately secured.
Eagle-eyed users noted that the accounts were promoting a memecoin on Solana, contradicting previous statements made by Eric and Donald Trump regarding the launch of any memecoins. The fake posts created a frenzy, with the token reaching a peak trading volume of 1.37 million before disappearing completely.
The incident has raised concerns over the security of Trump’s new DeFi project, World Liberty Financial, which aims to establish a borrowing and lending protocol akin to existing DeFi platforms. Trump has been cryptic about the project, positioning it as a means to challenge traditional banking and position the United States as the “crypto capital” of the world.
Despite the setback, World Liberty Financial’s official Telegram group has gained over 219,000 subscribers, showcasing strong support from the crypto community. However, with incidents like these highlighting vulnerabilities in the crypto space, users are urged to remain cautious and vigilant to avoid falling prey to scams.
In related news, crypto whales like Humpy are manipulating DAO votes, but viable solutions are being explored to tackle this issue.
