WLFI Co-founder’s X Account Hacked to Promote Scam

On February 12, hackers compromised the X account of Zach Witkoff, co-founder of the cryptocurrency project World Liberty Financial (WLFI), associated with Donald Trump.

@zachwitkoff’s account was compromised, and a fake Barron meme was posted. Please do not engage. We are resolving the issue ASAP.

— WLFI (@worldlibertyfi) February 12, 2025

The hackers used the entrepreneur’s page to promote a fake meme coin, purportedly linked to the youngest son of the US president, Barron Trump. The WLFI team warned users:

“Please do not engage. We will resolve the issue as soon as possible.”

Commentators noted that the company responded to the hack within seven minutes.

Witkoff confirmed the compromise of his X account after regaining access. He thanked James Musk, brother of the social media owner Elon Musk, as well as MoonPay CEO Ivan Soto-Wright and the payment service’s president Keith Grossman for their assistance.

Account was hacked thanks to the @X and James Musk for hopping on this quickly. You guys are the best!

— Zach Witkoff (@ZachWitkoff) February 12, 2025

Some users reported that they had invested in the scam and lost money. American actor and internet star Taylor Caniff claimed a loss of $3600.

Fuck, I lost $3600 but that’s a part of the game. On to the next.

— Taylor Caniff (@taylorcaniff) February 12, 2025

Back in January, before his inauguration, Donald Trump launched the official meme coin TRUMP. The NYT calculated that within 19 days, the accumulated losses for investors in the coin reached $2 billion. By early February, the asset’s price had fallen by 75% from its peak.

The token of First Lady Melania Trump, MELANIA, followed a similar trajectory.