Hackers broke into the X accounts of Donald Trump’s daughter-in-law and daughter on Tuesday to promote a token allegedly linked to World Liberty Financial, a cryptocurrency project recently backed by Trump family members.
Cyber criminals gained access to the X account of Republican Party National Committee co-chair Lara Trump. They also hacked an account belonging to Tiffany Trump, the former president’s younger daughter. Donald Trump’s son, Eric Trump, immediately called the posts a hoax.
“It’s a scam!!!” he wrote on X. “Twitter profiles @LaraLeaTrump and @TiffanyATrump have been compromised!!!” He later praised Twitter for quickly securing their accounts, leading to the removal of the fake posts.
World Liberty Financial also admitted to a security breach on X. Both fake posts referred to World Liberty Financial. Although there has been a lot of buzz around the project, it is still in the pre-release stage.
Donald Trump and his sons have been hinting at the imminent launch of their DeFi project for weeks.
Details about the project have recently begun to emerge. It is expected to run on the Ethereum blockchain and draw inspiration from Aave, with a similar design to Dough Finance.
Dough Finance, known for its lending and borrowing features, experienced a security breach in early July, resulting in a loss of $2.1 million from instant loans.
It is still unclear whether World Liberty will have the same security vulnerabilities as Dough Finance. Moreover, the ties to Dough Finance go beyond code similarities.
World Liberty’s white paper reveals that Chase Herro, a cryptocurrency influencer, serves as the project’s data and strategy leader. It is worth noting that Herro’s Instagram was previously affiliated with Dough Finance.
