WLFI claims USD1 was the target of a coordinated attack; hackers breached Lianchuang's account and attempted to short it, but failed.

PANews reported on February 23 that WLFI posted on the X platform that USD1 suffered an organized attack this morning. The attackers allegedly compromised the accounts of multiple WLFI co-founders, paid influencers to spread fear-mongering (FUD) messages, and massively shorted $WLFI, attempting to profit from artificially created market chaos.

WLFI stated that the operation was unsuccessful. Thanks to USD1's robust minting and redemption mechanism and 100% 1:1 asset backing, USD1 continues to trade stably near its face value. The team emphasized that no malicious actors can shake their long-term commitment to USD1. WLFI also reminds users to obtain accurate information only through officially verified channels and to be wary of misleading content.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
The total market capitalization of stablecoins has reached $318 billion, exceeding the foreign exchange reserves of more than 95 countries.
PANews Newsflash