Trump’s Crypto Channel Issues Alert on Fake Tokens and Scams
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
Former U.S. President Donald Trump’s crypto channel, World Liberty Financial, published a warning against scams and fake tokens on August 26.
The announcement issued in the Telegram channel cautioned against schemes “claimed to be associated with Defiant Ones and World Liberty.” Trump’s channel reminded the followers not to interact with such crypto tokens.
“For your safety, remember that all official information will only be posted right here in this channel by our trusted team,” the announcement read. “If it’s not from us, it’s not real.”
The channel also issued another statement from Trump about reshaping the financial institutions and system in the United States.
“Folks, we all know how crooked banks and financial institutions rig the system against everyday Americans,” said Trump in the statement. “They shut people out, deny them loans, drown them in paperwork and kill them with legal and processing fees.”
DJT: For too long, the average American has been squeezed by the big banks and financial elites. It's time we take a stand—together. #BeDefiant https://t.co/DuEtfRfrjt pic.twitter.com/txPz5FVSsK
According to him, the banks represent elitism and have complete control over the country’s financial institutions. By deploying a decentralized financial system, the followers could reinstate financial powers in their hands.
“It’s time to modernize an unfair and antiquated system and give everyone the same opportunities the elites have been hoarding. Join us, and let’s make finance work for the people again,” added Trump.
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