US EditionTrump-linked USD1 stablecoin wobbles as WLFI says it's under 'coordinated attack'
19 Articles
19 Articles
The USD1 encryption was negotiated briefly under US$ 1 today, losing parity with the dollar
WLFI Alleges Coordinated Attack as USD1 Briefly Dips
World Liberty Financial (WLFI) issued an alert on Monday, February 23, regarding a coordinated attack on their USD1 stablecoin. The stablecoin momentarily fell below its $1 mark but has since risen closer to its $1 peg. WLFI notified their followers on X, stating that their cofounder accounts had been hacked. The attackers, according to WLFI, had paid influencers to spread fear, uncertainty, and doubt. The company stated that they had attempted…
World Liberty Financial Claims Hackers and Paid FUD Targeted USD1 in Orchestrated Market Attack
TLDR: World Liberty Financial alleged that several WLFI co-founder accounts were hacked during the Tuesday attack. Paid influencers reportedly spread fear and uncertainty to trigger a short-term sell-off in USD1 markets. USD1 briefly depegged to 0.9802 USDT before recovering to its intended $1.00 par value quickly. Eric Trump deleted WLFI-related posts on X, causing the token to briefly fall more than 8% in value. World Liberty Financial report…
Trump-backed World Liberty condemns ‘coordinated attack’ against USD1
World Liberty Financial has accused critics of targeting a “coordinated attack” against its USD1 stablecoin. This news follows speculation that the Trump-backed crypto project could be the target of an upcoming insider trading investigation conducted by popular blockchain detective ZachXBT. The allegations surfaced after ZachXBT posted on his X account that he would release a “major investigation dropping February 26 on one of crypto’s most prof…
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
