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Hackers compromised the X accounts of Lara and Tiffany Trump on September 4, using them to promote fraudulent cryptocurrency projects. The breach was quickly addressed by the social media platform, which removed the compromised accounts within minutes.
The incident was initially flagged in a Telegram group associated with World Liberty Financial, a new decentralized finance (DeFi) project linked to former President Donald Trump. The official statement warned users to avoid clicking any links or purchasing tokens from the hacked accounts, advising vigilance against the scam.
Eric Trump, Lara’s husband, confirmed that her account had been hacked, noting that although the posts appeared authentic, they were fraudulent. The attack reportedly involved posts promoting a memecoin on the Solana blockchain, despite both Eric and Donald Trump having previously stated they would not launch such a token.
During the brief period before the accounts were taken down, the fraudulent token saw a trading volume peak at $1.37 million and a price of $0.0053 before disappearing.
The hacked accounts were used to spread links to a memecoin, which created a temporary spike in trading activity. The token's brief trading history was visible on the {crypto} trading tool DEX Screener.
World Liberty Financial is intended to be a borrowing and lending protocol within the DeFi space. Trump has made several vague statements about the project, positioning it as a means to bypass traditional banking and enhance the U.S.’s status in the crypto industry. The platform's official Telegram group has already gained over 219,000 members.
Trump’s involvement in the crypto space has attracted substantial support from the community, particularly since his commitment to backing the industry if re-elected. Despite this, the recent hack underscores ongoing security risks in the crypto world.
