Trump's crypto launch faces challenges with deleted posts and a hacking allegation.

Trump's crypto launch faces challenges with deleted posts and a hacking allegation.
Trump's crypto launch faces challenges with deleted posts and a hacking allegation.
  • On Tuesday, it seemed that Donald Trump's family's new crypto business became the target of a hack.
  • Several links were provided in the account to World Liberty Financial's official channels, which were claimed to be the only ones endorsed by Trump and his 1.7 million followers.

On Tuesday, two family members of Republican presidential nominee Donald Trump had their X accounts hacked, which appeared to be part of a scam to profit from the Trump family's emerging crypto business.

As the former president readies to unveil his crypto policy platform, his campaign grapples with the aftermath of a foreign cyberattack.

Tiffany Trump's X account posted an endorsement and a website link one minute later.

Njalla Okta, a fake World Liberty Financial site, was created by a cofounder of The Pirate Bay, making it difficult for the public to trace its creator's identity.

Eric Trump, Donald Trump's son, used his own X account to write "This is a scam!" after Lara Trump's posts. He claimed that his wife and sister's profiles had been compromised.

The contents of all these posts, including Eric Trump's warning, were captured in screenshots before they were deleted.

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The latest apparent stumble in the Trump family's effort to launch a crypto platform is an incident.

Numerous digital tokens claimed to be backed by the Trump team or family members have been launched since June. However, CNBC was unable to confirm any direct connections to the billionaire Republican presidential candidate's family.

The cryptocurrency known as DJT, which has the same ticker symbol as Trump Media Technology Group on the Nasdaq exchange, raised hundreds of millions of dollars before its founders withdrew the funds in early August, causing the coin's value to plummet.

It seems that the World Liberty project has missed a deadline for a planned announcement.

Trump's keynote speech at the annual Bitcoin Conference this summer announced his intention to establish a national reserve of Bitcoin if elected president.

This election cycle, the crypto industry has been the largest single source of corporate funds, accounting for nearly half of all donations. Trump has been eager to form alliances with this group.

The supposedly fake posts about Tuesday's incident caused a 9% drop in the price of solana, a separate cryptocurrency token, before it recovered to about $126.

The DeFi lending protocol, World Liberty Financial, would be supported by a governance token on the Solana blockchain, as described by Lara Trump.

by MacKenzie Sigalos

Politics