World Liberty Financial (WLFI), the decentralized finance (DeFi) venture associated with President Donald Trump and his sons, said early Monday that it had been targeted in what it described as a “coordinated attack” involving its stablecoin, USD1.
According to CoinGecko data, USD1 — which carries a market capitalization of nearly $4.8 billion — briefly lost its dollar peg before recovering to $1. The temporary dislocation drew immediate attention across crypto markets, particularly given the project’s political ties and growing profile within the digital asset sector.
World Liberty Financial Addresses Incident
In a statement posted on its official account on X (previously Twitter), the project alleged that multiple attack vectors were deployed simultaneously. “A coordinated attack was launched against USD1 this morning,” WLFI wrote.
The team claimed that hackers compromised several cofounder accounts, paid influencers to spread fear, uncertainty, and dou
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