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>>World Liberty Financial, supported by Trump, has been struck by a coordinated assault.

World Liberty Financial, supported by Trump, has been struck by a coordinated assault.

crypthub

about 4 hours ago

Coordinated Attack

World Liberty Financial’s USD1 stablecoin was hit by a coordinated attack that compromised several co‑founder accounts. Hackers allegedly paid influencers to spread FUD and opened large short positions to profit from a forced price drop. The assault briefly pushed USD1 below its $1 peg, hitting $0.994.

Stablecoin Resilience

USD1 is a dollar‑pegged token fully backed 1:1 by cash, U.S. Treasuries and money‑market funds held by regulated custodian BitGo. Its transparent mint‑and‑redeem design allowed the peg to recover quickly, stabilising around $0.998‑$0.999. Market data shows the dip was short‑lived despite the aggressive shorting.

Project Response

Co‑founder Zach Witkoff reaffirmed the token’s 100% backing and urged users to rely only on verified official channels. The project has previously faced account compromises, including a 2025 hack of Witkoff’s personal X account. Independent verification of this latest breach remains pending as investigations continue.