World Liberty Financial (WLFI) reported a coordinated attack against its USD1 stablecoin involving hacked cofounder accounts and paid influencers spreading fear, uncertainty, and doubt (FUD). WLFI also claimed large short positions were taken to exploit market volatility. The company reassured users that USD1 maintains its peg due to its 1:1 backing and mint-and-redeem mechanism, urging reliance on official sources for accurate information.
