BEARISH 📉 : World Liberty Financial stablecoin USD1 briefly loses dollar peg

World Liberty Financial (WLFI), associated with Donald Trump, reported a "coordinated attack" on its stablecoin, USD1.
USD1, with a market cap of $4.8 billion, temporarily lost its dollar peg before stabilizing.
The attack involved compromising cofounder accounts, spreading fear through influencers, and opening short positions in WLFI token.
WLFI's engineering and security teams managed to counter the attack, maintaining system integrity.
Speculation arose linking the incident to a potential insider trading investigation by ZachXBT, set to be published on February 26.
Eric Trump, associated with WLFI, reportedly deleted and reposted content related to the project amid the volatility.
No confirmed connection exists between the attack on USD1 and the upcoming investigation.
Polymarket odds suggest an 18% chance that WLFI could be the target of the investigation, with Pump.fun and Binance also in consideration.
WLIF token is currently trading at $0.1121, significantly below its all-time high of $0.33.