Is the Trump Family Involved in a Crypto Scam?
The post Is the Trump Family Involved in a Crypto Scam? appeared on BitcoinEthereumNews.com.
Donald Trump on August 29, posted a video about the World Liberty Financial project. However, as the excitement builds around this project, there are alot of concerns rising. This follows the bizarre hacking of Trump family X accounts and promoting a fake WLFI project. The Trump Family’s Crypto Adventure For weeks, Donald Trump and his sons have been teasing the launch of World Liberty Financial. Most of the details of the project were kept hidden. Somebody quietly circulated a white paper among potential investors. This project that is described as a decentralized finance platform is presented to offer a borrowing and lending service. This is similar to the recently hacked Dough Finance app. This project is also notable for involving the entire Trump family, with all three of Trump’s sons-Eric, Donald Jr., and even 18-year-old Barron-playing significant roles. According to the white paper, World Liberty Financial will introduce a new cryptocurrency called WLFI, a non-transferable governance token. They designed the token to allow users to suggest and vote on new features or blockchain integrations.The whitepaper shows a huge suspicious thing. WLFI will have configuration that could make it challenging for speculators to trade. The team behind the WLFI project is a mix of Trump family members and some crypto veterans. Along with Donald Trump, Eric and Donald Jr, there are Zachary Folkman and Chase Herro who have a history with troubled Dough Finance app. This raises concerns about the project’s security originality. The Hacks and the Scams As the buzz around World Liberty Financial grew, things took a strange turn. On September 3, hackers compromised the X (formerly Twitter) accounts of Trump’s daughter-in-law, Lara Trump, and his daughter, Tiffany Trump. These accounts then promoted a token falsely claimed to be tied to World Liberty Financial. They shared blockchain addresses, urging…
Filed under: News - @ September 4, 2024 9:28 am