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WLFI alleges hackers, short sellers targeted USD1
Crypto company World Liberty Financial (WLFI), backed by US President Donald Trump, said it had thwarted a “coordinated attack” on its USD1 stablecoin, which briefly lost its peg to the US dollar on Monday.
WLFI said it became the target of hackers, “paid influencers,” and short sellers in an attempt to “create chaos” around the USD1 stablecoin.
“This morning, a coordinated attack was carried out against USD1. Malicious actors hacked several WLFI co-founders’ accounts, paid influencers to spread misinformation, and opened large short positions on $WLFI to profit from artificially created chaos. It didn’t work,” the company said on its X page.
The company did not name any individuals allegedly involved, adding that “thanks to USD1’s robust mint-and-redeem mechanism and full 1:1 backing, we continue to trade steadily at par.”
USD1 price dynamics over 24 hours. Source: CoinMarketCap
However, data from CoinMarketCap showed that USD1 briefly dropped to $0.995 before recovering to $0.999. Around the same time, WLFI fell to approximately $0.108 before rebounding to $0.112, marking a temporary 7% decline.
Is there a Binance connection?
The incident occurred just days after a crypto forum organized by World Liberty at Trump’s private Mar-a-Lago resort in Florida. The event was attended by US government officials, representatives of the crypto and banking industries, and former Binance CEO Changpeng Zhao, who was pardoned by Trump in October 2025.
On Feb. 9, Forbes reported that Binance holds approximately 87% of circulating USD1, then valued at about $4.7 billion.
Both Bloomberg and The Wall Street Journal reported that Binance helped create USD1. The stablecoin was also used to settle a $2 billion investment by UAE-based MGX into Binance in March 2025, prompting conflict-of-interest allegations due to WLFI’s ties to the president’s family.
As we wrote, WLFI listing: Trump token hype and risk factors
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