- The official X accounts of the family members of Donald Trump fell victim to the hack.
- World Liberty Financial to be built on the DeFi platform Aave and the Ethereum blockchain.
Hackers gained access to the X accounts of Trump’s family members, Lara and Tiffany Trump, using them to disseminate a fake announcement regarding a token of the crypto project, World Liberty Financial.
Eric Trump quickly took to X to denounce the fraudulent announcement, warning that the posts were scams. Further added that the addresses provided were not legitimate. The official X handle of World Liberty Financial also warned the community.
ALERT: Lara’s and Tiffany Trump's X accounts have been hacked. 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!
— WLFI (@worldlibertyfi) September 4, 2024
Hacker on Lara Trump’s X post stated, “Our goal at World Liberty … is to utilize our governance token on Solana, $WL, to support our DeFi lending protocol.”
Confirmed Details of Trump-Linked Crypto Project
Notably, the posts inferred the World Liberty Financial, a crypto project endorsed by the Trump family. The project has yet to launch formally. Donald Trump has called himself the ‘crypto president’ and whose election campaign is acquiring immense attention and substantial contributions from the industry.
This upcoming project has itself been the target of scammers ahead of its launch. The cybercriminals have drawn tens of thousands of users to a counterfeit version of the site. The official Telegram channel of World Liberty Financial warned against the fake channel. Also, it changed the bio of its account on X to determine scams, fake tokens, and airdrop offers to circulate.
Moreover, according to the whitepaper, World Liberty Financial to be built on the decentralized financial platform Aave and the Ethereum blockchain, with a core “credit account system.” The crypto project is likely inspired by the DeFi protocol Dough Finance. Moreover, the confirmation is pending on whether it will use its codebase. A few hours before the hack, the information of a plan to announce a “non-transferable” governance token called WLFI unveiled.
On the other hand, Dough Finance has lost $1.8 million in digital assets due to a flash loan attack last July 12. The attacker converts the stolen USD Coin (USDC) into 608 Ether (ETH) using the zero-knowledge (ZK) protocol Railgun.
Highlighted Crypto News
Bitcoin Surrenders to Bears with Major Dips and ETF Outflows
