Trump-backed World Liberty Financial hit by ‘coordinated attack’

World Liberty Financial (WLFI), the cryptocurrency project associated with President Donald Trump and his family, has reported a sophisticated “coordinated attack” on its USD1 stablecoin. The alleged incident temporarily led to the stablecoin dipping below its $1 peg. According to an official WLFI statement posted on X on February 23, attackers compromised several co-founder accounts, paid influencers to spread fear, uncertainty, and doubt (FUD), and opened large short positions on WLFI. The statement alleged that the attackers’ goal was to trigger market panic and profit from the resulting volatility source: https://finbold.com/trump-backed-world-liberty-financial-hit-by-coordinated-attack/