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Impersonators Take Advantage as the Trumps Delay Crypto Reveal
The Trump family has spent the past month hyping an upcoming crypto venture. In the absence of hard details about the project, scammers are filling in the blanks.
In late August, an advertisement appeared at the bottom of the project’s Telegram channel—which has been pitched by the Trump family as “the ONLY [ sic] place to get the official news”—promoting an inauthentic crypto token giveaway. The ad, which is still live at the time of writing, leads to an external webpage featuring an illustration of Donald Trump pulling apart his shirt at the buttons to reveal a Superman-style costume beneath with a ‘T’ logo. A report published by crypto media outlet CoinDesk on Tuesday, allegedly based on a leaked white paper, indicates World Liberty Financial will provide peer-to-peer borrowing and lending services—an example of a concept known as decentralized finance (DeFi).
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