TechFlow news, September 11 — According to DL News, the U.S. House Committee on Financial Services held a hearing where senior Democratic lawmaker Maxine Waters highlighted the risks within the DeFi sector, citing the planned project by Donald Trump's son. Eric Trump and Donald Trump Jr. are preparing to launch a token sale for their project called World Liberty Financial.
Waters pointed out that last week, social media accounts belonging to Trump’s daughter-in-law Lara and daughter Tiffany were hacked, with fraudulent posts promoting fake tokens. At least 200,000 people saw the scam messages, and 2,000 individuals purchased counterfeit tokens totaling $1.8 million. She urged lawmakers to consider strong protective measures to prevent such frauds from continuing.
