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Scandalous hacking of Trump profiles related to cryptocurrency $WL

Profiles of Trump family hacked for false cryptocurrency announcement, highlighting industry vulnerability. World Liberty Financial project's deceptive promotion by Lara and Tiffany Trump triggered caution from project and Donald Trump Jr. on scam. Incident raises concerns on credibility and security in digital asset sector amidst Trump's initiative for the US as "crypto capital."

ai
4 September 2024 | 10:53

Social Media Profiles of Trump Family Members Hacked Due to False Cryptocurrency Announcement

On Tuesday, the profiles of several members of the Trump family, including Lara and Tiffany Trump, were hacked to spread a false cryptocurrency announcement. This information was revealed by Donald Trump Jr. on the Twitter platform, stating that posts related to the World Liberty Financial project were part of a “scam,” and the profiles were quickly secured after the incident.

The World Liberty Financial Project and Its False Announcement

World Liberty Financial is a planned initiative of digital assets that was supposed to be promoted by the Republican presidential candidate, Donald Trump, and his two sons. However, full details about the project have not been publicly disclosed yet. Deleted posts on Lara Trump’s profiles contained content suggesting that the project’s aim is to take power away from traditional banks and give it to the people by having full control over finances.

False Website and Cryptocurrency $WL

The posts on the profiles included a link to an apparently fake website featuring photos of Donald Trump. This site claimed that World Liberty Financial plans to introduce a governance cryptocurrency $WL based on the Solana blockchain. The tokens were intended for micropayments and DeFi lending protocols, which were set to be announced soon.

Trump’s Response and World Liberty Financial’s Warning

The Trump campaign did not immediately comment on the incident. Meanwhile, World Liberty Financial warned against clicking on links or purchasing tokens distributed from Lara and Tiffany Trump’s profiles. Lara, Eric Trump’s wife and co-chair of the Republican National Committee, as well as Tiffany, daughter of Donald Trump, became inadvertent victims of this cyberattack.

Donald Trump and the Digital Asset Sector

Donald Trump has recently turned towards the digital asset sector, promising to make the United States the “crypto capital of the world.” His sons, Eric and Don Jr., began promoting the DeFiant Ones Telegram channel for the World Liberty Financial project in August. DeFi is a niche segment of digital assets that uses automated software on blockchains to provide various financial services.

Summary

The incident of hacking profiles to spread a false cryptocurrency announcement among Trump family members highlights the vulnerability of the cryptocurrency industry to scams and attacks. The ultimate consequences of this cyberattack could be widely felt, especially concerning the credibility of cryptocurrency projects and data security on social media platforms.