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It was announced this morning that its $USD1 stablecoin had been ‘coordinated attack’ by World Liberty Financial ($WLFI), a cryptocurrency project linked to Donald Trump, which is said to be the “coordination” of an anti-Trump hack. Paraphrasingr ’It is.
It said the company alleged that some $WLFI co-founder accounts were “hacked as part of the attack, influencers were paid to spread fear and uncertainty (FUD) on social media; large numbers of $WSFI short positions were opened in order to profit from price volatility.”
Eric Trump, one of the founders behind $WLFI, deleted some posts about $WFI on the X platform after these developments. In this move, the $WLFI token price briefly fell by more than 8% for its first time since it was moved to less than 8 per cent. The $USD1 stablecoin also temporarily weakened its stability during the same period, falling to 0 at an initial rate of 0-. USDT 9802 USD T
The company’s spokesman said ‘This morning, $USD1 was targeted with a coordinated attack. In a bid to profit from the chaos created by the attacks, the attackers hacked some $WLFI co-founder accounts, paid influencer for spreading FUD and opened large $WFI short positions. But this effort was a failure to do so, s. , ” and.
This chart shows the recent price fluctuations of
$WLFI
.
According to $WLFI, $USD1 has returned trading at parity claiming that the stablecoin “has a robust mint-redeem system” and full 11 asset support. Also, the statement added ‘No scammer can shake up the long-term commitment of the $WLFI team and its co-founders to $USD1 as well as their long term commitment. Paraphrasingr ’It is.
The chart shows that the
$USD1
price briefly lost its constant value at $1.
*This is not investment advice.
Thanks for reading World Liberty Financial (WLFI) Price Drops Following Claims of Donald Trump Withdrawing Support USD1 Price Loses Its $1 Peg – Clarification Issued
