Hackers compromise Trump family social media to promote crypto scam

Hackers recently targeted social media accounts of Donald Trump’s family members, promoting a dubious cryptocurrency scam associated with the Trump-endorsed project, World Liberty Financial.  

Cybercriminals gained unauthorised access to X accounts belonging to Lara Trump, the Republican National Committee co-chair, and Tiffany Trump, the youngest daughter of the former president.  

Eric Trump, Donald Trump's son, swiftly denounced the scam, stating on X, "This is a scam!!! @LaraLeaTrump and @TiffanyATrump's Twitter profiles have been compromised!!"  

He later praised the platform for its quick action in securing the accounts and removing the fraudulent posts.  

World Liberty Financial, the crypto project allegedly promoted in the hacked posts, also acknowledged the security breach.  

The project is still in its pre-launch phase, but it has garnered significant attention due to its association with the Trump family.  

Both Donald Trump and his sons have been hinting at the upcoming launch of their decentralised finance (DeFi) project.  

More details have recently surfaced regarding the new project, revealing that it is designed to operate on the Ethereum blockchain and is inspired by Aave, a well-known DeFi protocol.  

It shares similarities with Dough Finance, another DeFi platform that suffered a $2.1 million loss in a flash loan attack in July.  

The association with Dough Finance raises questions about potential security vulnerabilities for World Liberty Financial, given their similar designs and features for borrowing and lending.  

Moreover, there are deeper connections between the two projects beyond their operational frameworks.  

A whitepaper for World Liberty Financial identifies Chase Herro, a known crypto influencer, as the project's data and strategies lead.  

Interestingly, Herro’s Instagram account previously linked to Dough Finance, suggesting potential overlap between the teams involved in both projects.  

The incident has sparked concerns about the security measures surrounding the Trump-backed crypto project and its susceptibility to similar attacks.  

As World Liberty Financial approaches its launch, it faces scrutiny over its security protocols and the potential risks of replicating the vulnerabilities seen in Dough Finance.