Trump Family X Accounts Hacked to Promote Fake Solana Memecoin Scheme

• Lara and Tiffany Trump’s X accounts were hacked to promote a fake Solana-based memecoin falsely linked to the Trump family.
• Eric Trump quickly confirmed the hack, urging users to avoid purchasing the fraudulent token linked to World Liberty Financial.
• The fraudulent token saw a brief price spike before crashing by over 90%, revealing the scam and causing significant financial loss.

On September 4, the X accounts of Lara and Tiffany Trump were compromised by crypto scammers. The attackers used the accounts to promote a fraudulent Solana-based memecoin, leading to widespread concern among users. Eric Trump, Lara’s husband, confirmed the hack and warned users about the fake memecoin, which was falsely linked to a new decentralized finance project called World Liberty Financial.

Fake Governance Token Advertised 

One of the now-deleted posts from Lara Trump’s account claimed the fraudulent WL token was the official “governance token” for the Trump family’s project. The scammers attempted to lend credibility to the project by sharing a contract address for the token and a link to an official Telegram group. By doing so, they tried to create the illusion of legitimacy, drawing in unsuspecting users.

Tiffany Trump’s Account Also Compromised 

The attackers then used Tiffany Trump’s X account to further endorse the scam. This move was designed to increase the reach of the fraudulent promotion and lure more users into the scheme. The rapid spread of the posts caused concern among followers and highlighted the risks of high-profile social media account hacks.

As soon as the posts began circulating, Eric Trump, along with the official World Liberty Financial X account, urged users to ignore the promotion and avoid purchasing any tokens. Eric Trump confirmed that both compromised accounts were quickly locked down. However, the posts had already attracted significant attention, including from media personality Caitlyn Jenner, who commented before realizing the posts were part of a scam.

Token’s Price Surged and Crashed

Data from Dexscreener revealed that the token’s price surged to a high of 0.005314 SOL shortly after the scam was launched, having started trading at 0.0001286 SOL just hours earlier. Despite the brief spike, the token’s value plummeted by over 90% as the scam was exposed. The entire incident lasted about seven hours, during which the token lost nearly all of its value.