Hacked accounts for Tiffany and Laura Trump promoted what appeared to be a fake token. The development comes as questions swirl around Donald Trump's crypto venture. Polls show crypto users overwhelmingly favor Trump in 2024 election.
The ongoing Trump crypto saga has taken another twist – a social media hack.
On Wednesday, the X accounts of Donald Trump's daughter and daughter-in-law — Tiffany and Laura Trump — were compromised and began shilling the Solana-based token.
Hacked accounts posted now-deleted tweets promoting a project called “World Liberty,” a purported DeFi lending protocol.
“We want to take power away from centralized banks and give it back to the people,” read one of the posts.
The average American
The link provided led to a website claiming to be “digitally empowering the average American,” complete with images of Donald Trump, the former US president and Republican Party nominee for the 2024 election.
This site was created on September 3rd and registered with Njalla Acta, a private domain hosting service in the Caribbean country of St. Kitts and Nevis. CNBC reported The site was set up by the co-founder of The Pirate Bay, a dark web marketplace.
Suspicious token Up to 20% Since its inception, according to CoinGecko.
After this incident Report from CoinDesk Revealing new details about Trump's long-awaited crypto project. Initially referred to as “The Defiant Ones”, the project appears to have now been rebranded as “World Liberty Financial”.
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CoinDesk A white paper on Trump's project reported a “striking similarity” to one from a recently hacked DeFi app called Dow Finance, which lost $2 million in a breach in July.
Several members of Dow Finance were listed in the white paper as working on Trump's crypto project.
Regaining control
Despite the hack, the Trump family regained control of their accounts within minutes. “X is amazing,” said Eric Trump, Laura's husband. has been posted In response.
Other projects have struggled for weeks to fix similar problems, with scammers often taking advantage of compromised accounts to promote fake crypto schemes. DeFi Kingdoms, a web game, had to wait 10 days to get its account back.
Please stop buying these fake scam tokens! Buy our real scam token, coming soon pic.twitter.com/Z4YrR1rcjJ
— Molly White (@molly0xFFF) August 8, 2024
Please stop buying these fake scam tokens! Buy our real scam token, coming soon pic.twitter.com/Z4YrR1rcjJ
— Molly White (@molly0xFFF) August 8, 2024
The irony of Trump's crypto project issuing warnings about scams is not lost on social media.
“Please don't fall for a fake scam! Wait for the real scam to start! ” joked crypto researcher Molly White X.
Despite once calling cryptocurrency a “scam,” Donald Trump has made a sharp U-turn in recent months and emerged as a vocal advocate for the industry in the US.
“The rules are written by people who love your industry, not hate your industry,” Trump said at a Bitcoin 2024 speech in Nashville in July.
Trump NFTs
Last week, Trump continued to promote a range of crypto-related products, including Trump-themed NFTs and Bitcoin-themed shoes, which released his fourth collection.
The change seems to be resonating with some voters.
A recent Fairleigh Dickinson University poll found Trump leading Vice President Kamala Harris by 12 points among voters who hold the cryptocurrency, with Trump at 50%, compared to Harris' 38%.
Trump's new enthusiasm for crypto seems to have affected his family as well.
Last month, Eric Trump said he “really fell in love with Crypto/DeFi” when he teased the family's crypto project at X.
There is Callan Quinn News' Hong Kong-based Asia Correspondent. Contact at [email protected].
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