The Trump Family has found themselves in the middle of another cryptocurrency controversy. Tuesday evening, the X accounts belonging to Lara Trump, Eric Trump’s wife, and Tiffany Trump, former President Donald Trump’s daughter, got hacked to shill a token allegedly linked to a new crypto project named World Liberty Financial. Those accounts then tweeted, claiming to be the “only official” blockchain addresses for the project and requesting that their followers invest in what they described as a revolutionary DeFi lending protocol. The association of the Trump Family with the crypto world has been mired in many controversies, but this takes it to another dimension regarding the questions over their involvement and the risks associated with such projects.
Not too long after those tweets surfaced, Eric Trump took to X to let everyone know the Lara and Tiffany profiles were compromised and warned people that the addresses being shared were, in fact, scams. The project promoted through the hacked accounts, World Liberty Financial, came forward almost immediately with a statement asking their followers to “remain vigilant against potential scams” while promising to take active measures to combat what was occurring. While this is not the first incident of a cryptocurrency project being cosmetically linked with the Trump Family, this could be one of the most alarming considering the very public nature of the hack and the profile of those involved.
The Trump Family and the World Liberty Financial Scandal
Speculation and controversy have surrounded the World Liberty Financial project since its inception. The white paper of the project indicated that Donald Trump, a currently third-time presidential candidate, would be the “chief crypto advocate,” while his sons Eric, Donald Jr. and Barron Trump would also have roles in the project. A borrowing-and-lending DeFi platform, it intends to issue a token called WLFI, though it has not announced an official launch date.
Of course, the fact that Lara and Tiffany Trump’s X accounts have been recently hacked does beg some pretty poignant questions about the security and legitimacy of the World Liberty Financial project. The Trump Family does have some experience with crypto-related controversy, including last year’s DJT token, which was reportedly launched with Barron Trump and other developers before the family disowned it. Another, called Restore the Republic, briefly reached a valuation of $155 million before crashing, further adding to scepticism over the family’s involvement in the crypto space.
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The involvement of high-profile figures in cryptocurrency projects naturally draws attention, but unfortunately, it opens doors to possible scams and fraudulent activities. The public fallout from the latest incident is likely to have lasting implications for the Trump Family and the crypto community.
What’s Next for the Trump Family and Crypto?
The hack into the X accounts of Lara and Tiffany Trump is a stark reminder of the dangers that lurk in cryptocurrency, mainly when high-profile individuals are involved. The Trump Family hasn’t been afraid of the crypto centre stage, yet their association with these projects is fraught with controversy and risk. While the Trump Family sails through this latest storm, the results of all this remain to be seen on their reputation in the crypto space and the likelihood of them interacting with such projects in the future. For now, probably the best advice to investors and followers alike is to be alert and take any crypto venture that comes out with the Trump Family in low stride. In fact, it is always a safe practice to conduct a proper due diligence before stepping into any crypto project.
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