Trump Family Accounts Hacked, Used To Peddle Fake Token Linked To Upcoming Defi Project

Key Takeaways

• Trump family members’ X accounts were recently compromised.
• Hackers promoted a fake token linked to Trump’s upcoming DeFi project.
• They also targeted the Telegram channel for Trump’s crypto project, promoting a fake $15,000 giveaway.

The crypto landscape, already prone to fraudulent schemes, has claimed its latest high-profile victims: Trump family members.

On Tuesday, Sept. 2, hackers infiltrated the social media accounts of two relatives of former President Donald J. Trump to pedal a bogus cryptocurrency linked to their upcoming DeFi venture, World Liberty Financial (WLFI).

Lara and Tiffany Trump Hacked

Lara Trump, the former president’s daughter-in-law, had her account taken over by hackers, who posted a message announcing the launch of the WLFI DeFi project.

The now-deleted tweet included a link to a fake website that claimed the new WL token would be used for micro-payments and would be part of the forthcoming DeFi project on the Solana blockchain.

It also advertised a blockchain address, falsely claiming it was the only official address for the upcoming Trump-endorsed DeFi project.

The former president’s daughter, Tiffany Trump, also fell victim to the hack. Hackers used her account to promote the same fraudulent website and WL token.

Eric Trump, Lara Trump’s husband, quickly took to X  to warn users about the compromised accounts.

“Be careful not to click on any links from these accounts,” he cautioned and thanked X’s security team for swiftly locking down the affected accounts.

The World Liberty Financial team also issued a warning , telling users to ignore any tweets or messages from the compromised Trump family members’ accounts.

The Telegram Side of the Scam 

While the X hack and the subsequent fake promotions were contained in time, a separate scam perpetrated through a fake Telegram giveaway proved more pernicious.

The WLFI project-linked Telegram channel  has over 200,000 subscribers, and scammers used its popularity to place fraudulent ads on the official channel. 

The ads directed users to a new account called “World Liberty Financial Airdrop,” where a supposed $15,000 giveaway awaited those who connected their crypto wallets to the platform.

In a matter of minutes, the fake Telegram channel attracted 74,000 subscribers.

It remains unclear whether any users who linked their crypto wallets were victimized. The official WLFI project account warned users to be cautious of fraudulent accounts and provided tips on how to identify scams.

Trump’s WLFI Project and What We Know So Far

Donald Trump Jr. recently announced that he is jumping into the crypto sphere with a DeFi project called World Liberty Financial.

While most details remain under wraps, he has been dropping hints and receiving endorsements from his father  and brothers.

According to newly available data, the project has a four-person development team alongside the Trump brothers. The eldest Trump brother announced the news on his X account.

Initially, speculation swirled that World Liberty Financial might be tied to Real World Assets (RWAs), but insiders claim the project will instead focus on lending and borrowing services.

Notably, the venture appears to be built upon the framework of Dough Finance, a DeFi project that recently fell victim to a high-profile hack.

While the World Liberty Financial app and interface remain under wraps, a perusal of its GitHub page reveals a striking similarity in code with Dough Finance, raising questions about the project’s originality and security.

About the Author

Prashant Jha

Prashant Jha is a crypto-journalist focused on the US and UK markets, his interests lie in blockchain technology and crypto adoption across emerging economies.

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