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On Tuesday, X accounts belonging to members of the Trump family were hacked and used to spread a fake announcement about a bogus crypto project.
The accounts, including those of Lara Trump and Tiffany Trump, promoted a Solana-based memecoin allegedly tied to the decentralized finance initiative called World Liberty Financial. They falsely claimed their posts were the only official channels for the project in a bid to cash in on the family’s recent crypto push.
Details of the Fake Solana Token Launch
The hacking incident was first exposed at 8:15 p.m. ET when Lara Trump, daughter-in-law of former President Donald Trump, posted a fake announcement on her X account, followed by 1.7 million users, launching World Liberty Financial. The post contained links to the project’s World Liberty (SL) token, misleadingly labeled as a ‘governance token.’
The X post included links to a so-called “governance token,” the project’s World Liberty (SL) token.
After @LaraLeaTrump and @TiffanyATrump tweeted about a cryptocurrency project the Trump family has been working on, @EricTrump tweets that Lara and Tiffany’s accounts were hacked.
The first three screenshots below have been deleted from their feeds. pic.twitter.com/s7PJ58mRi4
— Taylor Popielarz (@TaylorPopielarz) September 4, 2024
Tiffany Trump’s X account also posted an endorsement and a link to a website registered earlier that day via Njalla Okta LLC, a domain hosting platform known for its connections to dark web activities.
This anonymous registration made tracing the actor behind the scam nearly impossible.
Shortly after the fraudulent posts, Eric Trump, Lara Trump’s husband, used his X account to alert followers, calling the situation a scam and confirming that both his wife’s and his sister’s accounts had been compromised.
.@twitter was amazing and has locked down @LaraLeaTrump and @TiffanyATrump accounts within minutes.
— Eric Trump (@EricTrump) September 4, 2024
Despite the quick lockdown of the compromised accounts, it was too late for some users, including media personality Caitlyn Jenner, who interacted with the posts before deleting her comments.
This incident is not the first time scammers have leveraged the Trump family name to launch fake crypto projects.
In June, a token named DJT falsely claimed to be associated with Donald Trump and his son Barron Trump was part of a rug pull.
Notably, the WL token scam incident underscores the vulnerabilities in social media platforms’ security measures, especially for high-profile accounts.
Despite Eric Trump’s quick action to address the scam, the posts had already generated significant attention, leading to a temporary spike in the token’s price.
#Hackers compromised the X accounts of Lara and Tiffany Trump on Sept. 4, posting links to fraudulent #crypto projects.
Eric #Trump confirmed the breach, urging users to avoid clicking on any links.
The accounts were locked down quickly, and the fraudulent #memecoin briefly… pic.twitter.com/VNSudcQjPy
— TOBTC (@_TOBTC) September 4, 2024
According to Dexscreener, the token’s price, currently trading at 0.0001569, surged to $0.005314 from an initial 0.0001286, plummeting by over 90% within hours.
