Eric Trump criticized Magic Eden for using Trump's name in their unofficial '$TRUMP' crypto wallet project without authorization.
The confusion arose among users trying to distinguish between the official $TRUMP project endorsed by President Trump and the unrelated Magic Eden project using Trump's name.
The unauthorized use of Trump's name in crypto projects like $TRUMP has raised concerns about user vulnerability to potential scams due to the difficulty in distinguishing between legitimate and fake ventures.
This incident highlights the challenges faced in the crypto space with unauthorized projects leveraging recognizable figures' names, sparking legal debates and community discussions.