a presumed crypto scam promoted

The X profiles of Lara and Tiffany Trump have been hacked with the aim of promoting an alleged crypto scam linked to World Liberty Financial, a DeFi project recently advertised by the Trump family. The incident raises concerns about digital security.

Let’s see all the details below. 

Hack of Lara and Tiffany Trump’s X accounts to advertise an alleged crypto linked to World Liberty Financial

As anticipated, the world of cryptocurrencies has been shaken by a new incident involving the Trump family.

The X accounts of Lara Trump, wife of Eric Trump, and Tiffany Trump, daughter of the former president of the United States, have been hacked to promote a suspicious crypto token linked to World Liberty Financial.

The hacking episode occurred a few hours after CoinDesk revealed the details about this new crypto project, which the Trump family had recently started to promote.

This event not only highlighted the vulnerabilities of digital security even for high-profile public figures, but also reignited the debate on scams and risks associated with the world of criptovalute.

Tuesday evening, the X accounts of Lara and Tiffany Trump shared messages promoting the “only official blockchain addresses” for World Liberty Financial. 

That is, a project that claims to be a DeFi (decentralized finance) platform aimed at revolutionizing the lending sector. 

Lara Trump even tweeted that their goal was to use the governance token on Solana, called $WL, to support the platform’s lending protocol. 

However, a few hours later, Eric Trump denounced the attack, warning followers that the accounts had been compromised and that the shared addresses were part of a scam. 

World Liberty Financial has also confirmed the violation, urging the public not to click on any links shared by the profiles of the two women.

The progress of the Trump family

This is not the first case in which the Trump family is involved, directly or indirectly, in controversies related to the world of cryptocurrencies. 

In the past, other tokens apparently linked to Trump have been launched, such as DJT and Restore the Republic (RTR), which have caused controversy and suspicion. 

DJT, a token presumably created with the participation of Barron Trump, youngest son of Donald Trump, had been promoted by Martin Shkreli, a notorious convicted fraudster. 

Despite the association with the Trump family, no member has ever officially confirmed their involvement in these projects.

The launch of these tokens has raised doubts not only about the transparency and authenticity of these projects, but also about the reasons that drive public figures like the Trumps to support or be associated with such initiatives. 

The recent breach of the social profiles of Lara and Tiffany Trump only increases the suspicion that behind these projects there are intentions that are anything but clear.

The details of the white paper regarding the token 

According to a leaked white paper, the project plans to issue a token called WLFI, which should allow holders to participate in the governance of the project itself. 

However, a review of the source code published on GitHub revealed that the project seems to have copied a large part of its code from Dough Finance, another DeFi platform that suffered a serious hack last July, causing a loss of 2 million dollars.

The security experts have pointed out how this incident is just the latest in a series of attacks that have hit the world of cryptocurrencies. Since 2011, hacks in the crypto sector have caused losses of over 19 billion dollars. 

Only last February, more than 67 million dollars were lost due to exploits and vulnerabilities in DeFi platforms. This highlights the growing need for greater security and stricter regulation in the cryptocurrency sector.

Despite the public promotion by the Trump family, details on World Liberty Financial have been scarce. The white paper indicates that Donald Trump, along with his sons Eric, Donald Jr., and Barron, would have a central role in the project. 

However, the direct involvement of the Trump family in the world of cryptocurrencies raises ethical and legal questions, considering the controversial past of the former president and his current candidacy for the 2024 presidential elections.

In conclusion, the hack that affected the X profiles of Lara and Tiffany Trump represents a further warning about the dangers of the world of cryptocurrencies. 

The combination of public figures, technological innovation, and the lack of regulation creates a fertile ground for scams and abuses. 

Investors and users must be increasingly vigilant and aware of the risks they face in this ever-evolving sector.