Ivanka Trump warns of fake cryptocurrency token using her name
Quick Take The fake token launch could be cashing in on other recent, legitimate cryptocurrency launches from within the Trump family.
Ivanka Trump, daughter of President Donald Trump, warned of a fraudulent cryptocurrency token using her name.
"It has come to my attention that a fake crypto coin called 'Ivanka Trump or '$IVANKA' is being promoted without my consent or approval," Ivanka Trump wrote on the social media platform X Thursday. "To be clear: I have no involvement with this coin. This fake coin risks deceiving consumers and defrauding them of their hard-earned money, and the unauthorized use of my name and likeness is a violation of my rights."
"This promotion is deceptive, exploitative and unacceptable," she continued. "My legal team is reviewing and will be pursuing measures to stop the continued misuse of my name."
The fake token launch could be cashing in on other legitimate cryptocurrency launches from the Trump family. Ivanka Trump's warning comes after Donald Trump and First Lady Melania Trump launched their official memecoins ahead of the presidential inauguration on Jan. 20. TRUMP and MELANIA traded at $36.34 and $2.82, respectively, according to The Block's Price pages as of 1:43 p.m. ET (18:43 UTC).
Additionally, Ivanka's brothers, Donald Trump Jr. and Eric Trump, have backed another cryptocurrency project called World Liberty Financial, complete with its own token, WLFI, that launched in October 2024, The Block previously reported.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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