The X accounts of Tiffany and Lara Trump were compromised to promote a fraudulent cryptocurrency presented as that of World Liberty Financial, a Trump-owned crypto platform that has not released a token yet.
Following the breach last week, X moderators locked down the compromised accounts, and World Liberty Financial reiterated warnings against scams. They urged users to "beware of scams! Fake tokens & airdrop offers are circulating. We aren’t live yet," reinforcing the message through Fox Business and Home.
Following the breach, Eric Trump confirmed X had taken actions to secure the compromised accounts. Eric labeled the incident a scam and urged users not to trust any messages coming from Tiffany and Lara Trump's profiles. "X acted swiftly to secure the compromised accounts," he said.
Several celebrities, including Caitlyn Jenner, mistakenly endorsed fraudulent posts. As crypto enthusiasts noted, "People jumped on it right away."
A now-deleted tweet from Lara Trump mistakenly endorsed a counterfeit token's smart contract address as an "official channel" related to World Liberty Financial.
World Liberty Financial swiftly published an alert about the hacked accounts, urging users not to click on any links or purchase any tokens shared on the profiles. "We’re actively working to fix this, but please stay vigilant and avoid scams!" it added.
Cybercriminals exploited Donald Trump's X interview to promote fake websites and token sales, including a counterfeit Solana-based meme-coin. The fraudulent token briefly surged to a trading volume of $1.37 million before collapsing, according to Fox Business.
Donald Trump has shared plans to create a national bitcoin stockpile and appoint a "crypto presidential advisory council" if elected in November.
This article was written in collaboration with Generative AI news company Alchemiq
Sources: Big News Network.com, Nairametrics, The Daily Beast, mediaite.com, thecoinrepublic.com, Crypto Insiders, Kenya Star, beincrypto.com, Republic World, Fox Business.