Ivanka Trump embroiled in fake crypto scam as she is forced to shut down rumors of involvement

Ivanka Trump has issued a stark informing to investors arsenic she revealed that she had go embroiled successful a fake crypto scam.

The First Daughter, 43, took to her Instagram Stories connected Thursday to stock her disdain aft she said a 'fake' crypto coin utilizing her sanction was 'being promoted without her consent oregon approval.'

She insisted that she had 'no involvement' with the coin and slammed whoever made it for 'deceiving customers and defrauding them of their hard-earned money.'

'It has travel to my attraction that a fake crypto coin called "Ivanka Trump" oregon "$IVANKA" is being promoted without my consent oregon approval,' she wrote.

'To beryllium clear: I person nary engagement with this coin. This fake coin risks deceiving consumers and defrauding them of their hard-earned money.'

The mother-of-three added that 'the unauthorized usage of her sanction and likeness was a usurpation of her rights' and that her 'legal team' would beryllium 'pursuing measures' to halt it.

'This promotion is deceptive, exploitative, and unacceptable,' she concluded. 

'My ineligible squad is reviewing and volition beryllium pursing measures to halt the continued misuse of my name.'

The fake crypto scam came conscionable days aft her father, Donald Trump, and his wife, Melania Trump, launched their ain crypto tokens. 

The caller President, 78, announced his meme coin via Truth Social, writing, 'My caller authoritative Trump meme is here.

'It's clip to observe everything we basal for: WINNING. Join my precise peculiar Trump community, get your $TRUMP now.' 

Donald's station featured an creator rendering of the coin showing him pumping his close fist successful the aerial moments aft an assassination effort astatine a run rally successful Butler, Pennsylvania, connected July 13, 2024, with the slogan, 'Fight, Fight, Fight.' 

Days later, Melania, 54, revealed her ain crypto token, $MELANIA.

Both are hosted connected the Solana blockchain - hers tin beryllium bought for astir $2.72 portion his is worthy astir $35.96.

Her token is overmuch smaller than her husband's, having a marketplace headdress of astir $466 cardinal to Trump's $7.1 billion, per coinmarketcap.com. 

Both Melania and Trump's coins are fungible tokens, meaning that each token is identical and interchangeable with 1 another. Government-issued currencies similar US dollars are considered fungible arsenic well.

Meme coins are mostly considered to beryllium incredibly risky investments, since they are prone to insider-trading and utmost volatility. 

According to Melania's meme website, 35 percent of the tokens person been distributed to squad vesting, 20 percent person gone to some the team's treasury and community, and 10 percent has gone to liquidity. 

Just 15 percent of the tokens are disposable to acquisition for the wide public, according to the website. 

In a disclaimer connected the website, it says Melania's meme coin is 'intended to relation arsenic an look of enactment for and engagement with the values embodied by the awesome MELANIA.' 

The coin is 'not intended to be, oregon to beryllium the taxable of, an concern opportunity, concern contract, oregon information of immoderate type,' according to the website. 

Similar disclaimers are contiguous connected Donald's meme coin website, which are astir surely an effort to debar an enforcement enactment from the Securities and Exchange Commission. 

Donald has sold non-fungible tokens successful the past, amended known arsenic NFTs. They were billed arsenic integer trading cards that featured him successful assorted heroic settings.