Hackers Exploit World Liberty Financial Co-founder’s X Account to Push Fake Barron Trump Crypto

• World Liberty Financial co-founder Zach Witkoff’s X account was hacked to promote $BARRON, a fake Barron memecoin.
• Ivanka Trump was also the subject of a fake memecoin project in late January. 

Zach Witkoff, the co-founder of World Liberty Financial, X account was hacked on Wednesday. The hacker used this as an opportunity to promote a fraudulent  memecoin, $BARRON. The scam project saw a rapid increase in market value before collapsing within a matter of seconds.

X Account of World Liberty Financial’s Co-Founder Compromised

World Liberty Financial is a decentralized finance protocol founded in 2024, headed by Zach Witkoff, a co-founder of the company. 

The company listed Donald Trump as the chief crypto advocate, Barron Trump as the project’s DeFi visionary, while Eric Trump and Donald Trump Jr, are Web3 ambassadors. World Liberty Financial launched its own token called WLFI in October 2024.  On Wednesday, it was confirmed that the co-founder’s account was compromised.

The X account was used to promote a solana based memecoin $BARRON, which is  falsely linked to President Donald Trump’s youngest son, Barron Trump. The hacker claimed that Trump would soon confirm the token’s legitimacy.

The World Liberty Financial also assured that they are fixing the issue quickly and warned users not to get involved with the fake Barron Trump project.

Within minutes of the post, the coin hit a market value of $73 million but dropped by 99% just immediately. Which showed it was just a rug pull, where the creators of the coin make money off other people’s buy. 

Similar Trump Related Memecoin Scams released 

In January, a similar scam emerged involving a memecoin named after Ivanka Trump. The President’s daughter publicly clarified the rumours and distanced herself from the project while cautioning investors about fraudulent schemes exploiting her image and how it has defrauded people of their hard earned money.

 Since Donald Trump and his wife Melania introduced his cryptocurrency, especially the memecoin released on Solana earlier in month, memecoins tied to the Trump family gained attention as investors are looking for the best possible way to land the next “trump” jackpot.  

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