World Liberty Monetary (WLFI), a cryptocurrency venture linked to President Donald Trump and his household, has reported a classy “coordinated assault” on its stablecoin USD1.
Because of this, the stablecoin’s value briefly fell under $1. This occurred as a result of attackers hacked a number of of the co-founders’ accounts, paid to unfold rumors, and opened massive quick positions in WLFI, in accordance to World Liberty Monetary.
Having efficiently induced panic out there, they made a substantial revenue from the ensuing volatility.
Regardless of the stress, the USD1 rapidly recovered and regained its peg to the US greenback. After a quick dip to $0,994, the value recovered to $0,998–$0,999.
Token WLFI’s governance additionally skilled short-term value stress. In response, co-founder Zach Witkoff hastened to declare the USD1 venture’s resilience thanks to USD1’s “100% backing” and “radical transparency.” This appeared to enhance the state of affairs for each digital property.
Vitkoff’s social media account was beforehand hacked in February 2025 to promote a pretend memecoin linked to Barron Trump. In 2025, some token holders additionally suffered phishing assaults.
