Donald Trump hinted on his X account about the upcoming launch of his sons' crypto project, World Liberty Financial. Trump also called on his followers to join an upcoming event on Twitter Spaces.
Announcement of World Liberty Financial Launch
On September 12, in a video posted on his X account, Donald Trump invited his followers to join a live Twitter Spaces event on September 16, where he plans to officially unveil the crypto project World Liberty Financial.
Project Details
Speculations about the Trump family's involvement in the crypto space began to circulate in early August when Donald Trump Jr. and Eric Trump hinted at significant plans in this sector. Reports suggest that the Trump-backed project will likely be built on the Aave platform and the Ethereum blockchain, focusing on creating a 'credit account system' and promoting stablecoins.
Security Concerns
Security has been highlighted as a primary concern for World Liberty Financial. The project team is collaborating with top-tier security experts, including PeckShield, Zokyo, and BlockSecTeam, to ensure the platform's safety. According to an official Telegram channel, the project's code has been 'thoroughly reviewed' by industry leaders to prevent vulnerabilities. Additionally, the announcement coincided with an incident earlier in September where Lara and Tiffany Trump's X accounts were hacked, posting about a token purportedly associated with World Liberty Financial.
The Trump family is making its first steps into the world of cryptocurrencies with the World Liberty Financial project, focusing on security and innovation. The coming weeks will reveal how this project will be received by the crypto community.
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