World Liberty Financial, the crypto firm backed by President Donald Trump and his family, said today it has fended off what it described as a multi-pronged attack on its digital asset ecosystem after its dollar-pegged stablecoin briefly lost parity with the greenback.
A coordinated attack was launched against $1 USD This morning. The attackers hacked several $WLFI co-founder accounts, paid influencers to spread FUD and opened massively $WLFI shorts to enjoy the manufactured chaos.
It didn’t work.
Thanks to $1USDThe effective mechanism of mint and exchange…
— $WLFI (@worldlibertyfi) February 23, 2026
$1 USDThe company’s flagship stablecoin and currently the fifth largest by market value at $4.8 billion, according to CoinGecko data, slipped to around $0.98 on Binance early Monday before returning to the dollar equivalent within half an hour.
The company’s governance token, $WLFIfell almost 8% during the brief depeg, before paring some losses. At press time, the token was trading around $0.112, still down about 4% on the day.
The company attributed the disruption to hackers who compromised X accounts belonging to co-founders, influencers paid to spread misleading claims, and traders who opened large short positions against $WLFI to take advantage of the turmoil.
World Liberty attributed the rapid stabilization to its collateral structure and buyback process, noting that $1 USD Holders can convert tokens directly to dollars at a one-to-one ratio.
Price aggregator CoinGecko recorded a smaller decline, with $1 USD falling only to $0.994, rather than the deeper low shown on Binance.
