Former US President Trump has recently announced many times that he will launch the DeFi project "World Liberty Financial" promoted by his family. The official website is currently online, claiming that it will "ensure that the United States becomes the cryptocurrency capital of the earth." However, the specific details of the project have not yet been officially announced.
However, earlier today, the X platform accounts of Trump's youngest daughter Tiffany Trump and second daughter-in-law Lara Trump were briefly stolen to post fraudulent information. Hackers used Lara Trump's account to post false information about the World Liberty Financial project, claiming to have been in Solana issued $WL tokens, and then posted a message through Lara Trump’s account claiming to support the project.
According to dexscreener data, after the $WL token was launched today, it first surged by more than 4,000% in more than an hour, and then plummeted by more than 97%. The single-day trading volume reached 3.6 million US dollars, and the current market value is only 151,000 US dollars.
The fraudulent tweets from their accounts have been deleted. Eric Trump, Lara Trump’s husband, Trump’s second son, and executive vice president of the Trump Organization, said that the X platform had locked the accounts of Tiffany Trump and Lara Trump within minutes. He was quite amazed.
World Liberty Financial officials also stated that Lara and Tiffany Trump’s Deceived.
World Liberty Financial details revealed
As hackers promote scam information, preliminary details about World Liberty Financial finally emerged today.
CoinDesk disclosed that according to the white paper that is still under discussion, the project will be built on Ethereum and the decentralized lending platform Aave, and will have a "credit account system" to promote decentralized lending activities.
According to the white paper and the deleted GitHub code base, World Liberty Financial was inspired by the DeFi protocol Dough Finance, but it has not yet confirmed whether it will use the Dough Finance code base in the officially launched product. The team also plans to issue "non-transferable" governance tokens WLFI.
Dough Finance co-founders Zachary Folkman and Chase Herro are listed as the project's head of operations and head of data and strategy, and several former Dough Finance executives are involved. However, in July this year, Dough Finance suffered a loss of US$1.8 million due to a flash loan attack, which may cause the market to doubt whether World Liberty Financial can operate safely.
It is reported that Trump will serve as the "chief cryptocurrency advocate" of World Liberty Financial. His second son Eric Trump and eldest son Donald Trump Jr. are the main forces promoting the project and will serve as the "Web3 Ambassador" of the project.
