Security & Audits
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On Tuesday evening, the X accounts of Lara Trump and Tiffany Trump were compromised to promote a fraudulent announcement about the World Liberty Financial crypto project.
The hacked posts, which appeared on the social media profiles of Donald Trump's daughter-in-law and daughter, falsely claimed that World Liberty Financial was using a governance token, $WL, on the Solana blockchain for decentralized finance (DeFi) lending protocols.
The misleading posts featured a fake website with Donald Trump's images, claiming that the project aimed to shift financial power away from traditional banks and give control back to the people. The site included instructions for purchasing the purported tokens, but these were part of a scam.
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Shortly after the posts were made, Eric Trump, Donald Trump's son, alerted followers on X that the accounts had been hacked and warned against engaging with the links or tokens.
World Liberty Financial, which has been in the spotlight recently due to endorsements from Donald Trump and his sons, has not yet officially launched. The project is described as a DeFi platform for borrowing and lending, with plans to issue a token named WLFI.
Despite the buzz, the official launch date is still pending, and the project is facing scrutiny following previous incidents involving other purported Trump-related tokens, such as DJT and RTR.
This incident highlights the ongoing vulnerability of the crypto space to scams and hacks, even as prominent figures like Donald Trump attempt to leverage the industry for support and fundraising.
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