Ivanka Trump Warns of Fake Crypto Scam Using Her Name After Dad Donald and Melania Launch Their Own Meme Coins

The First Daughter, 43, took to her Instagram Stories on Thursday to share her disdain after she said a 'fake' crypto coin using her name was 'being promoted without her consent or approval.'

Ivanka Trump has become the latest high-profile figure to be targeted by a fake crypto scam after she discovered a coin using her name was being promoted without her knowledge.

The former First Daughter took to her Instagram Stories on Thursday to share her disdain and sound the alarm to investors.

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

'To be clear: I have no involvement with this coin. This fake coin risks deceiving consumers and defrauding them of their hard-earned money.'

Ivanka added that the 'unauthorized use of her name and likeness is a violation of her rights' and that her 'legal team will be pursing measures to stop it.'

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

The scam came just days after her father, Donald Trump, and his wife, Melania Trump, launched their own crypto tokens.

The former president announced his meme coin via Truth Social, writing, 'My new official Trump meme is here.

'It's time to celebrate everything we stand for: WINNING. Join my very special Trump community, get your $TRUMP now.'

Donald's post featured an artist rendering of the coin showing him pumping his right fist in the air moments after an assassination attempt at a campaign rally in Butler, Pennsylvania, on July 13, 2024, with the slogan, 'Fight, Fight, Fight.'

Days later, Melania revealed her own crypto token, $MELANIA.

Both are hosted on the Solana blockchain - hers can be bought for about $2.72 while his is worth roughly $35.96.

Her token is much smaller than her husband's, having a market cap of nearly $466 million 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 one another. Government-issued currencies like US dollars are considered fungible as well.

The fake crypto scam came just days after her father, Donald Trump, and his wife, Melania Trump, launched their own crypto tokens

The former president announced his meme coin via Truth Social, writing, 'My new official Trump meme is here.'

Days later, Melania, 54, revealed her own crypto token, $MELANIA

Meme coins are generally considered to be incredibly risky investments, since they are prone to insider-trading and extreme volatility.

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

Just 15 percent of the tokens are available to purchase for the general public, according to the website.

In a disclaimer on the website, it says Melania's meme coin is 'intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA.'

The coin is 'not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type,' according to the website.

Similar disclaimers are present on Donald's meme coin website, which are almost certainly an attempt to avoid an enforcement action from the Securities and Exchange Commission.

Donald has sold non-fungible tokens in the past, better known as NFTs. They were billed as digital trading cards that featured him in various heroic settings.