Hackers target Trump family X accounts in crypto scam

by | Sep 4, 2024

The X accounts of two family members of President Trump were hacked on Tuesday, promoting a scam linked to the Trump family’s crypto venture. As Trump gears up to announce his crypto policy platform, his campaign now faces the fallout from a foreign cyberattack.

 

Around 8:15 p.m. ET, Trump’s daughter-in-law, Lara Trump, who serves as the Republican National Committee co-chair, appeared to post about the launch of a digital currency project called ‘World Liberty Financial’. Her account shared several links to a coin and websites claiming to be the “official channels” of the project with her 1.7 million followers. Just a minute later, Trump’s youngest daughter, Tiffany Trump, posted a similar endorsement from her X account.

The linked website had been registered earlier that day through Njalla Okta LLC, a domain hosting service based in St. Kitts and Nevis. Njalla Okta is tied to one of the cofounders of The Pirate Bay, making it difficult to trace who was behind the fake ‘World Liberty Financial’ sites.

Shortly after the scam posts, Lara Trump’s husband, Eric Trump, used his own X account to warn followers, stating “This is a scam!!” and confirming that both his wife’s and sister’s profiles had been compromised. All the posts, including Eric’s warning, were deleted, though screenshots of the posts remain online.

This incident is the latest challenge in the Trump family’s efforts to break into the crypto space. Since June, several digital tokens purportedly connected to the Trumps have launched, although none have been directly verified by the family.

Tuesday’s hack had a ripple effect on solana, a separate cryptocurrency token mentioned in the fake posts. Solana’s price dropped by 9% immediately after the scam messages, though it later recovered to around $126.

Lara Trump’s posts had referenced a governance token on the solana network tied to the ‘World Liberty Financial’ decentralized finance (DeFi) platform, which aims to create a banking system without intermediaries like banks or lawyers, relying instead on self-executing smart contracts.

 

CNBC

 

 

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