- Trump’s crypto platform was hijacked by scammers, tricking thousands with fake giveaways.
- Despite the scam, Trump’s crypto endorsement boosts his poll lead by 3%.
As a seasoned researcher with a knack for deciphering the intricacies of the digital world, I find myself alarmed and amused by the latest turn of events involving Donald Trump’s crypto venture, World Liberty Financial (WLF). The rapid rise of WLF has been quite remarkable, attracting hundreds of thousands of subscribers in a matter of weeks. However, the lack of transparency surrounding the project and the sudden surge of scams exploiting its popularity is concerning to say the least.
In a surprising turn of events, the latest digital currency venture linked to ex-President Donald Trump has fallen prey to fraudulent activities.
This has resulted in thousands of victims being lured into a scam promising fake crypto giveaways.
‘World Liberty Financial’ scam alert
Over 230,000 people have joined the official Telegram channel of the World Liberty Financial platform, which was introduced by Donald Trump just last month.
Although it has made a daring pledge to overthrow the dominance of large financial institutions, specifics about the venture are sparse and hard to come by.
As the buzz around WFL has been escalating, I’ve noticed that unscrupulous elements are leveraging this surge in popularity to orchestrate scams on the platform.
They have infiltrated the official channel with advertisements for their fraudulent schemes, attracting more than 70,000 unsuspecting users.
Speaking about the same topic, researcher Steven Zheng from The Block posted on his social media platform (previously known as Twitter), and commented…
“They’re running crypto phishing scam ads in Trump’s World Liberty channel.”
According to reports, the ‘World Liberty Financial Airdrop’ platform is deceiving users by providing false promises of receiving up to $15,000 in digital currency if they link their wallets.
1. The potential risk here is that this fraudulent activity might drain users’ assets, although the exact count of victims isn’t certain. Moreover, it could result in the misplacement of private keys, rendering wallets unusable and ultimately resulting in irreversible loss of assets.
A warning was issued but…
If you haven’t heard yet, in a recent post, Donald Trump shared with his 90 million fans that he aims to position the United States as a frontrunner in the field of cryptocurrencies.
His announcement highlighted WLF, a DeFi project supported by his sons and actively promoted by them.
It’s worth noting that approximately an hour ago, WLF sent out a warning via Telegram, cautioning users about possible fraudulent activities and encouraging them to remain vigilant.
“It has come to our attention that fraudulent advertisements about airdrops and token sales, allegedly from us, are being shared on Telegram. Rest assured, we are not currently engaged in any airdrops or token sales.”
Attaching a word of actuation,
As a crypto investor, I’d like to caution you all: Avoid clicking on any ads or links claiming affiliation with World Liberty Financial. Currently, we are not engaged in any airdrops nor selling any tokens. Let’s keep our investments secure and informed.
As a crypto investor, I’ve noticed with concern that for the past four days, an advertisement promoting a supposed ‘World Liberty Financial Airdrop’ has remained conspicuous on Telegram, even after WLF issued a clear warning about it being potentially fraudulent.
The advertisement, pushing bogus cryptocurrency giveaways, continues to be displayed on the channel without any acknowledgment or deletion.
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2024-09-03 20:08