The Trump family has spent the past month hyping an upcoming crypto venture. In the absence of hard details about the project, scammers are filling in the blanks.
Impersonators have descended on a soon-to-be-announced crypto venture tied to presidential candidate Donald Trump and his family, capitalizing on gaps in information about the project to promote inauthentic crypto tokens. Led by Eric Trump and Donald Trump Jr., the sons of the former president, the Trumps have embarked on a campaign to promote an upcoming project—called World Liberty Financial—on social media.
On September 3, X accounts belonging to Lara Trump, wife to Eric, and Tiffany Trump, daughter of the former president, were allegedly compromised and used by the hackers to peddle another crypto token purportedly related to World Liberty Financial. The posts have since been deleted, but screenshots indicate they were viewed by at least 200,000 people. Data from token analysis platform DEXTools suggests that around 2,000 people collectively purchased $1.8 million worth of the fake token.
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