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>>World Liberty Financial Attributes Issues to a ‘Coordinated Attack’ — Yet Might Underlying Problems Remain?

World Liberty Financial Attributes Issues to a ‘Coordinated Attack’ — Yet Might Underlying Problems Remain?

crypthub

about 6 hours ago

Attack on USD1 Stablecoin

World Liberty Financial (WLFI) reported a coordinated attack on its USD1 stablecoin on Monday. The token, with a market cap near $4.8 bn, briefly fell below its $1 peg before quickly recovering. The incident drew immediate attention because of the project's political connections.

WLFI's Countermeasures

In a post on X, WLFI said hackers compromised co‑founder accounts, paid influencers to spread fear, and opened large short positions on the WLFI token. The company's engineering and security teams countered the attack, maintaining system integrity. The team described the event as a multi‑pronged effort to undermine confidence.

Insider‑Trading Investigation Speculation

Social media users linked the assault to a forthcoming insider‑trading investigation announced by on‑chain analyst ZachXBT for February 26. Some pointed to Eric Trump deleting and later reposting about WLFI as possible evidence. Prediction markets on Polymarket placed an 18 % chance that WLFI is the target, though no proof exists.

Current Token Status

No confirmed connection between the USD1 depeg and the upcoming probe has been established. WLFI’s native token WLIF trades around $0.112, down 66 % from its all‑time high of $0.33. The situation remains under observation.