On September 4th, the X accounts of Lara Trump, Co-Chair of the Republican National Committee, and Tiffany Trump, the youngest daughter of the former president, were hacked.
The attackers used their accounts to promote a fake memecoin based on the Solana blockchain, falsely claiming it was part of Donald Trump’s new decentralized finance (DeFi) project, World Liberty Financial. The posts from these accounts declared the memecoin to be a family-backed project and urged users to purchase the token.
Lara Trump tweeted, “Our goal at World Liberty Financial is to use our governance token on Solana, $WL, to support our DeFi lending protocol.” However, this tweet was not legitimate as Lara’s account had been hacked, as later confirmed by Eric Trump, Lara’s husband. He emphasized that the posts promoting the memecoin were fake and were created by scammers.
World Liberty Financial also tweeted warning users about the hack, urging them not to click any links or purchase any tokens shared from Lara and Tiffany Trump’s profiles. Unfortunately, in the short time before the scam was exposed, the token reached a peak trading volume of 1.37 million with a highest price of 0.0053 before it completely plummeted.
This is not the first time the Trump family’s name has been exploited in fake cryptocurrency projects. Similar incidents have occurred previously, damaging the crypto community and Donald Trump’s reputation, particularly during his re-election campaign.
Carter wrote in a September 4th post, “I think this seriously harms Trump’s election prospects, especially if it gets hacked, it will be the most appealing DeFi target ever, and it’s separated from a protocol that has already been attacked.”
Related news: Donald Trump Vows to Make U.S. the “Crypto Capital of the World”
