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Lara and Tiffany Trump’s X Accounts Hacked to Promote Fake Crypto Token 

AuthorSyed Ali Haider
Crypto News Author
Fact Checked by Joshua Downes
Last updated: September 04, 2024
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Lara and Tiffany Trump’s X Accounts Hacked to Promote Fake Crypto Token 

Highlights:

  • Lara and Tiffany Trump’s X accounts were hacked, promoting a fake token.
  • World Liberty Financial urged users to avoid the compromised links.
  • Trump’s new crypto project faces scrutiny and security concerns.

Earlier today, hackers compromised Lara and Tiffany Trump’s X accounts and promoted a token allegedly linked to World Liberty Financial, a crypto project recently endorsed by Trump’s family members. The two, Donald Trump’s daughter-in-law and daughter, respectively, tweeted that the blockchain addresses they shared were the “only official” blockchain addresses for the project. In a tweet, Lara Trump said the $WL token would support a decentralized finance (DeFi) lending protocol on the Solana network.

Soon after, Eric Trump, the middle son of former President Donald Trump, announced on X that both accounts had been hacked and warned that the addresses shared were part of a scam. 

World Liberty Financial Warns After Lara and Tiffany Trump’s X Hack

World Liberty Financial promptly issued a statement urging people to avoid clicking on any links or purchasing tokens that were shared from Lara and Tiffany’s profiles. They assured the public that they were actively working to resolve the situation and advised everyone to remain vigilant. Moreover, the posts have been removed, and X has now locked the accounts.

World Liberty Financial said:

“Do NOT click on any links or purchase any tokens shared from their profiles. We’re actively working to fix this, but please stay vigilant and avoid scams!” 

Some observant X users have reported that the accounts have posted announcements with malicious links. They noted that Eric Trump and Donald Trump had previously said World Liberty Financial would launch tradeable tokens or memecoins.

The hacks occurred after Nic Carter, a partner at Castle Island Ventures, warned that Trump’s new DeFi project, World Liberty Financial, presented a significant opportunity for hackers. He mentioned that it was particularly attractive to those aiming to harm Trump’s chances in the US presidential election. Further, he said, “I think it genuinely damages Trump’s electoral prospects, especially if it gets hacked, it’ll be the juiciest DeFi target ever and it’s forked from a protocol that itself was hacked.”

Controversy Surrounds Trump Crypto Project

Details about the project have recently started to emerge. It is expected to operate on the Ethereum blockchain and draw inspiration from Aave, with a design similar to Dough Finance. Dough Finance, known for its borrowing and lending features, experienced a security breach in early July. This breach resulted in a $2.1 million loss due to flash loans.

It is unclear whether World Liberty will face the same security vulnerabilities as Dough Finance. Moreover, the connections to Dough Finance extend beyond mere code similarities. The whitepaper for World Liberty reveals that Chase Herro, a crypto influencer, is the project’s data and strategies lead. Notably, Herro’s Instagram account was previously associated with Dough Finance.

This incident is the third time a token has been falsely associated with the Trump family. Previous scams included the DJT token, which convicted fraudster Martin Shkreli promoted and falsely claimed to involve Barron Trump, Donald Trump’s youngest child. Another project, Restore the Republic (RTR), briefly reached a $155 million valuation before collapsing.

According to the project’s white paper, Donald Trump is set to be the “chief crypto advocate.” Other family members, including Eric, Donald Jr., and Barron Trump, have been assigned various roles. However, the project does not yet have an official launch date. The hack of Lara and Tiffany Trump’s X accounts underscores the persistent risks in the cryptocurrency space. Users need to stay vigilant and verify sources before getting involved with new projects.

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