Two X accounts belonging to former President Donald Trump’s family have been hacked, leading to the promotion of fake cryptocurrency projects.
The compromised accounts, belonging to Lara and Tiffany Trump, were hacked on September 4. The incident was highlighted in a message on the official Telegram group of Trump's DeFi project, World Liberty Financial.
Users have been advised to avoid engaging with any content posted by these accounts until the situation is resolved.
Source: World Liberty Financial
Warning Issued by Trump’s DeFi Project
World Liberty Financial issued a caution, urging people not to click on any links or purchase tokens shared by these compromised accounts.
The project’s team is actively working to address the issue while advising users to remain vigilant and avoid potential scams.
related reading:The Trump family renames their latest cryptocurrency project ‘World Liberty’, sparking speculation in the DeFi world
Eric Trump Confirms Hack
Eric Trump confirmed his wife Lara’s account had been compromised in a now-deleted X post. He explained that despite the announcements appearing legitimate, they were the work of scammers.
According to Eric, X responded swiftly and locked down the accounts “within minutes.”
related reading:Eric Trump warns that detailed digital real estate plans have not yet been clearly disclosed and no tokens have been issued yet
Memecoin Promotion Links
Some X users noticed that the hacked accounts were promoting a memecoin on Solana, a significant departure from the Trumps' previous statements denying any association with such tokens.
Crypto data aggregator Birdeye noted that the address linked in the posts no longer connects to a token.
Concerns Over World Liberty Financial
Nic Carter, a partner at Castle Island Ventures, has raised concerns about the potential vulnerabilities of Trump's new DeFi project, World Liberty Financial. He warned that the platform could be an attractive target for hackers, which could negatively impact Trump’s political ambitions.
Carter expressed his worries in a post on X, suggesting that any successful hack on the platform could harm Trump's electoral prospects.
World Liberty Financial’s Future
Details about the World Liberty Financial platform remain limited. The project is expected to function as a borrowing and lending protocol, similar to existing DeFi platforms in the cryptocurrency space.
related reading:Trump’s digital real estate plan is made public, launching The DeFiant Ones encryption platform to promote the tokenization of real-world assets (RWA
Trump has made cryptic statements about the project, indicating that it aims to help users bypass traditional banking systems and position the United States as a global leader in the crypto industry.
The project’s official Telegram group has already garnered over 219,000 subscribers.
Trump’s recent comments about supporting the crypto industry if re-elected have gained him considerable backing from the crypto community.