WLFI: USD1 encounters organized attacks, the token still maintains a 1:1 peg
Feb 23, 2026 23:14:56
WLFI issued a statement saying that USD1 experienced an organized attack on the morning of the announcement. The announcement pointed out that relevant individuals hacked into the accounts of several WLFI co-founders and spread negative information through channels, while also establishing a large number of short positions on WLFI.
WLFI stated that USD1 relies on a 1:1 asset backing and a minting and redemption mechanism, and currently maintains parity with the anchored asset in trading. The team emphasized that they will continue to advance the established plan and advised users to rely on information from officially certified channels.
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