WLFI Response: This was an organized coordinated attack. The attackers infiltrated WLFI co-founder accounts to spread FUD and massively short the market.
On February 23rd, World Liberty Financial officially announced on social media: “This morning, a coordinated attack was launched against USD1. The attackers compromised several WLFI co-founders’ accounts, hired KOLs to spread panic, and heavily opened short positions on WLFI, attempting to profit from this artificially created chaos. However, the attack was unsuccessful. Thanks to USD1’s robust minting and redemption mechanism and full 1:1 asset backing, the trading price of USD1 has remained stable at its face value. No fraudster can shake the long-term commitment of the entire WLFI team and co-founders to USD1. Users are reminded to obtain accurate information only through verified official channels.”
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WLFI Response: This was an organized coordinated attack. The attackers infiltrated WLFI co-founder accounts to spread FUD and massively short the market.
On February 23rd, World Liberty Financial officially announced on social media: “This morning, a coordinated attack was launched against USD1. The attackers compromised several WLFI co-founders’ accounts, hired KOLs to spread panic, and heavily opened short positions on WLFI, attempting to profit from this artificially created chaos. However, the attack was unsuccessful. Thanks to USD1’s robust minting and redemption mechanism and full 1:1 asset backing, the trading price of USD1 has remained stable at its face value. No fraudster can shake the long-term commitment of the entire WLFI team and co-founders to USD1. Users are reminded to obtain accurate information only through verified official channels.”