In a surprising turn of events, scammers have tricked tens of thousands of supporters of Donald Trump’s new crypto venture, World Liberty Financial. More than 70,000 people fell for a fake cryptocurrency giveaway, exploiting the hype surrounding the former president’s project.
World Liberty Financial, launched just last month, quickly gained over 230,000 subscribers on its official Telegram channel. Followers flocked to the platform, excited by its bold promise to challenge big banks. However, with few details provided about the project, many were left vulnerable to scams. Cybercriminals took advantage by placing ads in the official channel, directing users to a fake group offering massive cryptocurrency rewards.
This scam, under the name “World Liberty Financial Airdrop,” lured people with the promise of up to $15,000 in cryptocurrency. To claim the reward, users were asked to connect their crypto wallets—exposing their funds to potential theft. While it’s unclear how many victims lost money, the situation highlights the growing danger of unregulated crypto projects.
Despite its popularity, Telegram has faced increasing criticism for its lack of oversight, making it an easy target for cybercriminals.
As Trump continues to endorse cryptocurrency, including his recent appearance at the Bitcoin 2024 conference, this incident raises serious concerns about the security of his supporters’ investments. With the crypto world full of risks, this scam serves as a reminder of the need for caution and stronger protection for investors.
