Hack Compromises High-Profile X Accounts
On Tuesday, hackers managed to breach the X accounts of Lara Trump, daughter-in-law of former President Donald Trump, and his daughter, Tiffany Trump. This incident was used to promote a cryptocurrency token purportedly associated with World Liberty Financial, a project recently backed by members of the Trump family.
Immediate Response from Eric Trump
Eric Trump, the former president’s son, quickly denounced the fraudulent posts, taking to X to share his dismay. He asserted, “This is a scam!” and confirmed that the profiles of both Lara and Tiffany had been compromised. He expressed gratitude towards Twitter for their swift actions in securing the accounts and removing the malicious content.
World Liberty Financial Acknowledges the Breach
The World Liberty Financial team also reacted to the security breach through their X account, advising followers to avoid clicking on any suspicious links or purchasing tokens that originated from the compromised accounts. Their message read, “ALERT: Lara’s and Tiffany Trump’s X accounts have been hacked. Do NOT click on any links or purchase any tokens shared from their profiles. We’re actively working to fix this, but please stay vigilant and avoid scams!”
Trump Family’s Connection to Crypto
In the weeks leading up to the breach, Donald Trump and his sons have been teasing the launch of their decentralized finance (DeFi) project, heightening public interest in World Liberty Financial, which is still in its pre-launch stage. Details surrounding the project have recently begun to surface, suggesting it will operate on the Ethereum blockchain and mimic the structure of Dough Finance.
Security Concerns Arise Amid Anticipation
Despite the excitement, there are lingering concerns regarding the security of World Liberty Financial. Dough Finance itself was previously targeted by a security breach, suffering a substantial loss of $2.1 million through flash loans in July. As speculation continues about whether World Liberty may share similar vulnerabilities, the investigation remains ongoing.
Key Individuals in the Project
A deeper dive into World Liberty Financial reveals that Chase Herro, known for his influence in the crypto space, is the data and strategies lead for the project. Interestingly, Herro’s former affiliations included Dough Finance, further raising questions about potential security risks associated with World Liberty Financial.
Stay Informed and Vigilant
As the situation unfolds, the involvement of high-profile figures in cryptocurrency continues to gain traction, but it is crucial for investors to remain informed. Always verify the legitimacy of any crypto project and be cautious of potential scams, especially following breaches like those experienced by Lara and Tiffany Trump.