BUSINESS
The Crypto Conundrum: Is Donald Trump's Family Sinking Deeper into a Scam?
World, USAMon Sep 16 2024
The world of cryptocurrency is known for its unpredictability, but the latest developments involving Donald Trump's family take the cake. In a shocking turn of events, two Trump family members, Lara and Tiffany, had their Twitter accounts hacked, resulting in them posting links to scam crypto websites. But is this the first instance of the Trumps getting entangled in a crypto scam?
To understand the gravity of the situation, let's take a step back. The Trump family has been quite vocal about their enthusiasm for cryptocurrency, with Donald Trump himself tweeting about it on multiple occasions. They have also invested in various crypto projects, including the elusive World Liberty Financial, which has raised eyebrows due to its dubious nature.
Lara Trump's tweet promoting World Liberty Financial was eerily similar to any other crypto-promoting tweet, complete with a link to the scam website. Eric Trump, her husband, quickly sprang into action, deleting the post and warning his followers to stay vigilant. However, this begs the question: what took them so long to realize their accounts were compromised?
Moreover, World Liberty Financial itself has been plagued by controversy. Its code has been lifted from an earlier project, Dough Finance, which was hacked in July, resulting in the loss of nearly $2 million. This raises a pertinent question: how can a crypto project backed by the Trump family get away with such shenanigans?
But let's take a step further and acknowledge the elephant in the room – the crypto market itself. Can we truly trust the legitimacy of these projects, considering the lack of regulation and oversight in the industry?
The onus falls on the Trump family to provide transparency and accountability in their crypto ventures. Until then, it's crucial that we remain vigilant, staying away from suspicious links and dodgy promotions.
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questions
How did the scam accounts on Telegram manage to gain such a large following, and what was the purpose of their advertisements?
Is the hacking incident a result of the Trump family's involvement in crypto, or is it a separate incident?
What are the implications of the World Liberty Financial project being backed by the Trump family, and how does it affect the crypto community?
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