PANews reported on February 23 that Dylan_0x (@0xDylan_), a member of the WLFI Wallet team, posted on the X platform: "Someone organized an 'attack'. USD1 is fully compliant, and all assets are collateralized at a 1:1 ratio."

Previously, on-chain detective ZachXBT claimed that he would release a major investigative report on a highly profitable company in the crypto industry on February 26. Subsequently, WLFI briefly fell, and USD1 also briefly de-pegged.