“Join me live on Twitter Spaces at 8 p.m. this September 16 for the launch of World Liberty Financial. We’re embracing the future with crypto and leaving the slow and outdated big banks behind.” Trump said in a video posted from his X account.

On August 7, Donald Trump Jr. and Eric Trump hinted about forthcoming DeFi and crypto announcements. CoinDesk reported on a whitepaper being worked on on Sept. 3 stating the project will be based on the Ethereum blockchain and decentralized banking platform Aave and center around a “credit account system.”

Previously critical, Trump has embraced the crypto community in his campaign for reelection this year. Speaking at the Bitcoin 2024 conference earlier this summer, he stated he would fire SEC Chair Gary Gensler should he be chosen president once more. He further declared he would forbid the United States from selling any of its 213,000 bitcoins.

Earlier this month, World Liberty Financial appointed Dolomite co-founder Corey Caplan as an advisor. Not too long later, the initiative declared it intends to promote the acceptance of stablecoins and is thus giving security top priority.

“We’re not taking any chances. We’re working with the top security experts in the world—Zokyo, Fuzzland, PeckShield, BlockSecTeam, and more,” the project stated. “Our code has been thoroughly reviewed by these industry leaders. We are utilizing best practices and making user security our primary concern.”

This happened two days following the X account hacking of Lara and Tiffany Trump, publishing regarding a coin supposedly connected with World Liberty Financial.

Earlier this week, senior Democrat of the House Financial Services Committee Rep. Maxine Waters attacked the Trump-supported cryptocurrency initiative.

“While decentralized finance, or DeFi, aims to create greater efficiencies and transparency, it can also pose enhanced risks of hacks, scams, unequal information, and conflicts of interest that can harm consumers and investors,” Waters added. “We have seen this play out in the new DeFi venture Eric Trump and Donald Trump Jr. intend to open, World Liberty Financial.”

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Trump to Launch World Liberty Financial Crypto on Sept. 16 appeared first on Coin Engineer.

Former U.S. President Donald Trump’s crypto project World Liberty Financial cautioned on X and on the project’s Telegram channel that the team is “working to fix this,” following compromises in X accounts of Lara, Eric Trump’s wife, and Tiffany, Donald Trump’s daughter.

The accounts touted an address along with a token claiming to be part of World Liberty Financial in the X postings that looked to have been placed by hackers and have since been taken down.

Eric Trump, co-creator of World Liberty Financial, claimed in an X post, “Twitter was amazing and has locked down Lara Trump and Tiffany Trump accounts within minutes.”

“Lara’s and Tiffany Trump’s X accounts have been hacked. Do not click on any links or purchase any tokens shared from their profiles. We’re actively working to fix this, but please stay vigilant and avoid scams!” World Liberty Financial said in its Telegram channel.

With newly disclosed additional information earlier today in a CoinDesk article, former U.S. President Trump and his sons had been teasing the crypto project for weeks. Said to be developed on the Ethereum blockchain and distributed finance platform Aave, the project will revolve around a “credit account system.”

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Trump’s Family X Accounts Hacked, World Liberty Financial Scam appeared first on Coin Engineer.