A scam targeting Donald Trump's new cryptocurrency project, World Liberty Financial, has tricked over 70,000 users. Cybercriminals placed ads on the project's official Telegram channel, offering fake cryptocurrency giveaways. By encouraging users to connect their crypto wallets, scammers aimed to steal funds. Trump, who promotes himself as the "crypto president," has endorsed World Liberty Financial, but his team has warned users against the fraudulent ads. Telegram's moderation failures have exacerbated the issue.