On September 4, the X accounts of the Trump family were hacked to promote a fake Solana-based memecoin. The scammers used these accounts to push a token themed around Donald Trump’s alleged decentralized finance project, World Liberty Financial.
Lara Trump’s X account was used to advertise the fraudulent WL token as the official "governance token" for the Trump family’s project. The attackers also shared a contract address and a link to a Telegram group to lend credibility to their scam.
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The scammers used Tiffany Trump’s account to further endorse the fake memecoin and attract more users. As soon as the fraudulent posts began circulating, Eric Trump and the official World Liberty Financial X account warned users of the hack and advised them not to purchase any tokens.
Eric Trump confirmed that the compromised accounts were "locked down" shortly after the posts went live. Despite the quick response, the posts had already garnered attention, including comments from Caitlyn Jenner, who later confirmed she removed her comments immediately.
Data from Dexscreener revealed that the fake token’s price peaked at 0.005314 SOL, up from an initial trading price of 0.0001286 SOL. However, within seven hours, the token's price had plummeted by more than 90% from its all-time high.
Related: Trump Earns $7M from NFTs, Holds $5M in Crypto
This is not the first instance of scammers exploiting the Trump family name for fake bitcoins. In June, the DJT token falsely claimed to be linked to Donald Trump and his son Barron Trump, was involved in a rug pull. The Trump family did not confirm any connection to that project.
Additionally, another Solana-based project, Restore The Republic, also claimed ties with Donald Trump, but Eric Trump later debunked these claims publicly.
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