The X accounts of two close family members to Donald Trump were hacked on September 4 to promote a fake Solana-based memecoin.

The promotion featured former U.S president’s new decentralized finance project, World Liberty Financial.

Trump’s defi project focuses on US dollar stablecoins. Developers are building it on top of Aave, a decentralized platform, with the aim of driving mass adoption of DeFi.

The tweet posted on the X account of Trump’s daughter-in-law, Lara Trump, said:  “Our goal at World Liberty… is to utilize our governance token on Solana, $WL, to support our DeFi lending protocol”.

The attackers then used the account of Donald Trump’s daughter, Tiffany Trump, to endorse the scam posts further. It garnered likes and comments from media personality, Caitlyn Jenner, who clarified she took her comments down minutes after hearing of the hack.

After the posts circulated on X, Lara Trump’s husband, Eric Trump, and World Liberty Financial warned users of the hack. They urged everyone to avoid purchasing any tokens.

According to data from Dexscreener, the token’s price hit a high of 0.005314 SOL after starting to trade at 0.0001286 SOL just hours before. The token was live for seven hours, but its price dropped more than 90%.

Scammers have previously used the Trump family’s X accounts to launch fake memecoins. In June 2024, the DJT token promoted having links to the former U.S president and his son Barron Trump involved in a rug pull.

Another Solana-based project called Restore the Republic also claimed connections with the former U.S president. Any affiliations were denied on X by Eric Trump.