World Liberty Financial alleges a coordinated effort to destabilize USD1, causing the stablecoin to briefly fall off its $1 peg.

Coordinated Attack on the USD1 Stablecoin

World Liberty Financial reported that its USD1 stablecoin was the target of a coordinated assault. The incident involved compromised co‑founder accounts, paid influencer promotions, and aggressive short‑selling positions, but the firm maintains that the effort did not succeed.

Price Volatility During the Alleged Short Attack

The USD1 token briefly dropped to $0.994 before recovering, a movement attributed to the alleged short‑selling campaign.

About World Liberty Financial (WLFI)

WLFI operates a crypto protocol connected to members of the Trump family.