Trump crypto company says ‘coordinated attack‘ on stablecoin failed

CoinTelegraph

by Turner Wright

February 23, 2026

AI-Generated Deep Dive Summary

World Liberty Financial (WLFI), a cryptocurrency firm backed by U.S. President Donald Trump and his sons, has reported facing a coordinated attack aimed at disrupting its operations. The company accused hackers, paid influencers, and short sellers of attempting to create chaos by targeting its USD1 stablecoin and WLFI token. Despite the efforts to destabilize, the attack was ultimately unsuccessful as both assets showed signs of resilience. The WLFI token experienced a 7% price drop but stabilized, trading at $0.1128, while the USD1 coin briefly lost its peg to the U.S. dollar before recovering above $0.999. The attack unfolded early Monday when hackers targeted several cofounder accounts on social media platforms, spreading

Verticals

cryptoblockchain

Originally published on CoinTelegraph on 2/23/2026