Ivanka Trump Warns Public of Fake Crypto Coin Scam

January 23, 2025
3 min
Innerly Team
Ivanka Trump alerts public about a fake crypto coin using her name, highlighting the risks of celebrity-endorsed scams in the crypto market.

It looks like the crypto world is getting crazier by the day. Ivanka Trump just dropped a bombshell about a fake crypto coin that’s been using her name. And honestly, this isn't just a random scam; it shows how desperate some people can get, using celebrities to lure in investors. Let’s dive into this.

The Rise of Scams

With the crypto market being as volatile as it is, scams are popping up left and right. From fake coins to phishing attempts, the landscape is murky, to say the least. Recently, Ivanka Trump took it upon herself to let everyone know that there’s a bogus coin out there named after her.

Ivanka's Alert

A few minutes ago, she tweeted out: “A fake crypto coin called 'Ivanka Trump' or '$IVANKA' is being promoted without my consent or approval.” She made it clear she is not involved with this coin and urged people not to get conned. "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", she tweeted.

She also mentioned that her legal team is on the case. This warning comes after some traders suffered heavy losses trading a different fake coin, $BARRON, which they thought was legit. Turns out it was just another pump-and-dump scheme.

The Dangers of Celebrity Endorsements

Just a heads-up: celebrity endorsements can be a double-edged sword. They often raise a project’s profile and attract money, but they also attract scammers. Celebrities using their names can be a great marketing tool, but it can also lead to scams surfacing.

And with advances like deepfake tech, it’s easier than ever for scammers to create fake endorsements. Just imagine seeing a deepfake video of your favorite star promoting a shady coin. It's wild out there.

Crypto News Update

Ivanka's warning is just the tip of the iceberg. A few days back, we saw the $BARRON memecoin make rounds, only to find out it was a classic pump-and-dump. And a trader once lost a whopping $1 million in two hours 'cause the price dipped on him.

Staying Safe

What’s the takeaway? If you’re thinking of investing in new crypto coins, better do your homework.

  1. Double-Check: Always confirm any investment through verified channels or social media accounts of the celebrity.

  2. Research: Don’t skip the research before throwing money at something. Look up reviews and watch out for red flags.

  3. Don't Engage with Unsolicited Offers: If you get an unsolicited investment offer through DMs or emails, just ignore it.

  4. Security Measures: Use security software and consider a VPN to protect your data.

Final Thoughts

Crypto is a wild ride, but with that comes risks. Ivanka Trump's recent warning about a fake coin using her name is a reminder that we need to stay smart. Keep your eyes peeled and do your research, 'cause if it sounds too good to be true, it probably is.

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Innerly Team
Disclaimer

Quadratic Accelerator is a DeFi-native token accelerator that helps projects launch their token economies. These articles are intended for informational and educational purposes only and should not be construed as investment advice. Innerly is a news aggregation partner for the content presented here.