Ivanka Trump said Thursday a meme coin bearing her name is “fake” and likely poses risks to investors, as other tokens named after and promoted by her father, President Donald Trump, and First Lady Melania Trump dropped in value days after they went viral.

The digital tokens have already generated billions of dollars on paper for the Trump family. Meme coins are a subset of cryptocurrencies tied to internet meme culture. Two senior congressional Democrats have asked multiple regulators to look into the propriety of meme coins issued by President Donald Trump and first lady Melania Trump.

Ivanka Trump said Thursday that her name has been misused to promote a fake cryptocurrency and her legal team will take action to stop the unauthorized use. “This fake coin risks deceiving consumers and defrauding them of their hard-earned money,

Ivanka Trump is warning her social media followers to not fall for this crypto scam using her name. Ivanka Trump, the daughter of President Donald Trump, posted a statement to social media platform X on Thursday advising users that she has no involvement in a crypto coin using her name.

Ivanka Trump posted on X on Thursday that a meme coin with her name on it isn’t real, following the prior launch of $TRUMP and $MELANIA tokens.