Trump family members’ accounts hacked to promote scam tokens

Scammers took advantage of the former US president’s recent announcement of a real DeFi protocol

04.09.2024 - 10:20

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2 min

What’s new? X-accounts of Donald Trump’s family members have been hacked to promote fraudulent tokens based on the former US president’s real-life project, World Liberty Financial DeFi protocol. This project was previously officially announced by Donald’s son Eric Trump, it is positioned as an affordable and decentralized alternative to traditional banking services.

Material by CoinDesk

What else is known? On September 3, in the accounts of Donald’s daughter Tiffany Trump, and his daughter-in-law, Eric’s wife Lara Trump, messages mentioning World Liberty Financial began to appear. In particular, the scammers on behalf of Lara stated that the primary goal of the project is to issue a WL governance token on the Solana blockchain to support the lending function in the protocol.

Also in the post, they listed theses similar to the official announcement of the project: greater accessibility for ordinary Americans, favorable borrowing and deposit rates, as well as a full independent control over the funds.

Shortly thereafter, Eric Trump published a warning in the official Telegram channel of the project that the accounts of his wife and sister had been hacked, and clicking on the malicious links posted in the posts would threaten the loss of assets.

Since the announcement of World Liberty Financial in late August, further information about the project has yet to be released. On August 31, the administrators of the channel announced a flash mob, within which they called on users to publish memes under the hashtag #BeDeFiant. The best will be selected for publication on the official social networks.

Earlier, scammers hacked the account of football player Kylian Mbappe to promote the fraudulent token MBAPPE. After several tens of millions of dollars were invested in the asset, the creators withdrew the funds using the Rug Pull method, leaving investors with devalued coins.

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