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In a troubling incident, scammers have compromised the X accounts of several Trump family members to promote a fraudulent cryptocurrency token, before the launch of their own crypto project. The official account for the World Liberty Financial (WLF) project, which is set to debut soon, confirmed the hack early morning on September 4th. According to the update, Tiffany Trump and Lara Trump were among those targeted by the attackers. WLF has issued a warning to the public, advising them not to click on any links or purchase tokens that were shared from these compromised profiles. As of now, the malicious posts have been removed.
World Liberty Financial, though still shrouded in mystery, appears to be a decentralized finance (DeFi) initiative promising substantial returns. The project boasts a following of nearly 43,000 on X and 219,000 subscribers on Telegram. It has garnered attention from Donald Trump, who has shown increasing interest in cryptocurrencies as part of his broader campaign strategy to appeal to voters in the cryptocurrency sector. Trump has also recently launched his fourth collection of NFTs, which have reportedly generated over 2 million dollars.
Crypto scams involving hacked accounts are becoming a common tactic. Cybercriminals often hijack popular X profiles to deceive users into visiting fraudulent websites or purchasing fake assets.
The crypto world has faced other significant incidents recently, according to Cybernews. The DeFi protocol Penpie suffered a $27 million exploit. Additionally, the US Commodity Futures Trading Commission has successfully recovered $18 million worth of crypto assets from a Ponzi scheme. Meanwhile, the FBI has issued warnings about North Korean hackers conducting sophisticated social engineering campaigns aimed at employees of DeFi and cryptocurrency companies, seeking to deploy malware and steal digital assets.
The recent hack of Trump family accounts underscores the increasing sophistication and audacity of crypto scams, highlighting the need for vigilance in the rapidly evolving digital asset landscape.
