The cryptocurrency company World Liberty Financial, controlled by the Trump family, successfully resisted a coordinated attack targeting its founder X account. The attack aimed to spread panic about its $1 stablecoin. The attackers opened a large number of short positions in an attempt to profit from potential de-pegging, but the company stated that its issuance and redemption mechanisms, along with full 1:1 backing, ensured the stable trading of the $1 stablecoin. As of press time, the trading price of the $1 stablecoin was $0.9991, and the company's WLFI token dropped 8.2% following the incident. No smart contracts or wallets were compromised.

WLFI-1,35%
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