The social media accounts of Lara and Tiffany Trump, daughter-in-law and former President Donald Trump, were hacked on the night of September 3.
The attackers used these compromised accounts to promote a fake crypto token linked to World Liberty Financial, a Cryptocurrency project that had recently been mentioned by members of the Trump family.
The incident came just a day after Trump’s financial platform, World Liberty Financial, was attacked by scammers. The hackers tried to take advantage of the family’s notoriety to promote the fake token and trick followers.
Faced with this situation, journalist Chase took to X to warn users: “Do not interact with this Solana meme coin. Eric Trump and Don Trump previously said that no meme coin would be launched.” Chase included screenshots of posts made from the hacked accounts to back up his warning.
🚨🚨 TRUMP FAMILY HACKED
Multiple President TRUMP affiliated accounts have been hacked. Do not interact with this Solana Meme Coin.
Laura Trump and Tiffany Trump accounts have been hacked.
A memecoin on Solana was announced from both accounts and is fake.
Eric Trump and… pic.twitter.com/T6geUyav78
— Chase (@ChaseTheCEO) September 4, 2024
The hack was also reported on the official Telegram group of the decentralized finance (DeFi) project World Liberty Financial. In the wake of the incident, users were urged not to interact with links shared by the compromised accounts until the issue was fixed.
CFTC fines Uniswap $175,000 for illegal leveraged product transactions
The Commodity Futures Trading Commission (CFTC) issued an order against Uniswap Labs on Wednesday, imposing a fine of $175,000 for offering leveraged or margined retail commodity trading in digital assets through its decentralized trading protocol. The penalty stems from Uniswap’s failure to register as a designated contract exchange, which is required to offer such financial products.
Uniswap Labs, operated by Universal Navigation Inc., cooperated with the CFTC’s investigation, resulting in a reduced civil monetary penalty. Despite this reduction, the commission warned the company against future violations of the Commodity Exchange Act (CEA).
According to the CFTC, Uniswap created a user interface and smart contracts that allowed users to trade leveraged tokens developed by third parties, thereby exposing investors to returns tied to the price of Bitcoin (BTC) and Ethereum (ETH).
California passes law to protect rights of deceased artists from artificial intelligence
California lawmakers continue to lead the charge in regulating artificial intelligence with the passage of Assembly Bill (AB) 1836. The measure, which passed the state Senate on August 31, mandates that explicit consent be required from the estate of deceased artists to create digital replicas of their voices or images using AI technologies.
The law imposes penalties of up to USD 10,000 or the value of the damages caused to those who produce, distribute or make available to the public these replicas without proper authorization.
Defined as highly realistic and easily identifiable digital representations, “digital replicas” can be of the voice or visual appearance of a deceased person. They range from sound recordings to images or audiovisual transmissions.
The bill now sits on the desk of Governor Gavin Newsom, who will have the final say on its implementation. If approved, it will set a precedent in the fight for image rights in the digital age and could influence future regulations at the national level.
SEC delays decision on combined Bitcoin and carbon credit futures ETF
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on whether to approve an exchange-traded fund (ETF) that combines carbon credit futures and spot bitcoin. In a filing on Tuesday, the SEC announced that it will extend its deadline until November 21 to evaluate the proposed 7RCC Spot Bitcoin and Carbon Credit Futures ETF.
According to the SEC, the delay is intended to allow more time to review the proposal and comments received. The ETF, filed by crypto asset manager 7RCC, plans to invest 80% of its assets in Bitcoin.
As well as 20% in financial instruments that provide exposure to carbon credit futures, represented by an index. In addition, 7RCC has appointed Gemini as custodian of the fund’s Bitcoin.
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