Hackers Target Trump's Crypto Platform With Fake Giveaways Worth $15,000

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• Members of a Trump-endorsed crypto initiative have fallen to a fake giveaway scam promising $15,000 worth of cryptocurrencies.
• World Liberty Financial, a decentralized finance (DeFi) project supported by the former President's sons, claims to challenge the supremacy of big banks in the financial system. Its Telegram channel has over 230,000 members.
• Cybercriminals took advantage of the initiative's popularity to post fake ads on the original group, luring members to another fraudulent group where they were promised crypto tokens for connecting their wallets.
• WLF came out with a statement warning members of the scam and provided them with tips on identifying suspicious links and reporting them to Telegram. It is unclear how many WLF followers have fallen victim to the scam.

A cryptocurrency platform endorsed by former US President Donald Trump has been overtaken by scammers, resulting in over 70,000 users being lured into a fake crypto giveaway.

Scammers Post Fake Token Giveaway Ad On Telegram Group Of Trump-Endorsed DeFi Initiative

The hackers posted fraudulent ads on World Liberty Financial's official Telegram channel, diverting users to another fake group promising thousands of dollars in cryptocurrencies. Since its launch last month, the Trump-endorsed crypto initiative has attracted over 230,000 subscribers to its Telegram channel.

World Liberty Financial promises to challenge the supremacy of major banks, however, detailed information about the project remains scarce.

Cybercriminals have exploited its growing popularity by placing fraudulent ads and luring users to another fake Telegram group named "World Liberty Financial Airdrop". This group with 74,741 subscribers, falsely promises up to $15,000 in cryptocurrency to those who connect their crypto wallets to the platform.