In a volatile session, USD1, the stablecoin launched in March 2025 by the Trump family\u2019s World Liberty Financial (WLFI), slipped below its $1.00 target.<\/p>\n
According to the team at World Liberty Financial <\/a>(WLFI), bad actors attempted to manipulate the liquidity pools that sustain USD1\u2019s price. There have been similar incidents in the past, where attackers have tried to drain liquidity to trigger a panic sell spiral.<\/p>\n Stablecoins have one job: stay at exactly one dollar. When that fails, panic usually follows instantly. That is exactly what happened to the WLFI stablecoin, USD1, which briefly lost its peg in what the team is calling a deliberate, malicious strike.<\/p>\n On 23 February 2026, the WLFI team took to X to say, \u201cFor clarity: no WLFI or USD1 smart contracts or wallets were hacked. Today\u2019s incident involved unauthorized access to co-founders\u2019 X (Twitter) accounts, not wallets or protocol infrastructure. Zero smart contracts were affected. All USD1 funds remain completely safe, secure, and fully backed. Our infrastructure and team operated exactly as designed.\u201d<\/p>\n A coordinated attack was launched against USD1 this morning. Attackers hacked several WLFI cofounder accounts, paid influencers to spread FUD, and opened massive $WLFI<\/a> shorts to profit from the manufactured chaos.<\/p>\n It didn\u2019t work.<\/p>\n Thanks to USD1\u2019s sound mint-and-redeem mechanism\u2026<\/p>\n \u2014 WLFI (@worldlibertyfi) February 23, 2026<\/a><\/p>\n\n