• Trump crypto company says ‘coordinated attack’ on stablecoin failed The price of World Liberty Financial’s token dipped about 7% early on Monday, later reported to be the result of a social media and short-seller attack. • Cointelegraph in your social feed World Liberty Financial, the crypto company backed by US President Donald Trump and his sons, reported being targeted by hackers, “paid influencers,” and short sellers in an effort to “manufacture chaos” against the USD1 stablecoin. • In a Monday X post, World Libertysaidthe attack, which happened earlier this morning, failed after hackers targeted “several WLFI cofounder accounts,” opened “massive shorts” against the company’s WLFI token, and “paid influencers to spread FUD [fear, uncertainty, and doubt].” The price of WLFI dipped by about 7% amid the “manufactured chaos,” according to the company, but was trading at $0.1128 at the time of publication. • USD1 similarly dropped to about $0.994, briefly losing its peg to the US dollar, before returning to more than $0.999. • “Thanks to USD1’s sound mint-and-redeem mechanism and full 1:1 backing, we are trading steadily at par,” said World Liberty. • No scammer can shake the long-term commitment of the entire WLFI team and cofounders to USD1." The attack came just days after a World Liberty-organized crypto forumat Trump’s private Mar-a-Lago resort in Florida, which included speakers from the US government, crypto and banking industries, and former Binance CEO Changpeng Zhao, whom the president pardoned in October 2025.

Article Summaries:

  • World Liberty Financial (WLFI), a crypto firm backed by former President Donald Trump and his sons, claimed on X that a “coordinated attack” on its USD1 stablecoin failed. The company said hackers targeted co‑founder accounts, opened large short positions on the WLFI token, and paid influencers to spread fear, uncertainty and doubt. The attack caused a 7 % dip in WLFI’s price and briefly pushed USD1 below its 1:1 peg, before it rebounded to over $0.999. WLFI cited its mint‑and‑redeem mechanism and full backing as safeguards, while lawmakers probe ties between WLFI and Binance, which holds most USD1 in circulation.

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