Hackers targeted World Liberty Financial co-founder Zach Witkoff, using his X account to promote a fake meme coin based on Barron Trump. Moderators quickly removed the post, but BARRON’s price has yet to decline.

Political meme coin scams are tearing through the crypto community, and they’re getting more brazen. A fresh supply of gullible victims is strongly incentivizing naked robbery.

BARRON Meme Coin Hasn’t Fallen Yet

Since Donald Trump launched his TRUMP meme coin, the industry has taken a dark turn. Crypto scams have entered a golden age, with scammers stealing $857 million off TRUMP in the first week of his Presidency. Today, hackers compromised WLFI co-founder Zach Witkoff’s social media account and briefly used it to promote a fake BARRON meme coin.

“Account was hacked. Thanks to X and James Musk [Elon’s cousin] for hopping on this quickly. You guys are the best!” Witkoff claimed.

Needless to say, the meme coin had absolutely nothing to do with the President’s son, Barron Trump. However, his daughter also had to deny all association with an IVANKA meme coin, but that scam still proved profitable.

After moderators removed the post and Witkoff warned investors, the asset’s price didn’t even fall from its spike. BARRON and other Trump family fake meme coins are just the tip of the iceberg.

A wave of scam political-themed meme coins is tearing its way through the crypto space, and luminaries like Vitalik Buterin feel powerless to stop it.

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Author: Landon Manning

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