USD1 – the stablecoin of World Liberty Financial – briefly dropped to $0.99707 on Monday morning. A fluctuation range of about 0.01%–0.03% is generally not considered a depeg unless it persists.
World Liberty, a crypto initiative backed by President Donald Trump and his family, stated that they faced a “coordinated attack.” According to the company, hackers gained unauthorized access to the X accounts of several co-founders, hired KOLs to spread FUD, and opened large short positions on $WLFI to profit from market volatility.
However, the company affirmed that the incident was not related to wallets or protocol infrastructure. No smart contracts were affected, and all USD1 tokens remain fully collateralized 1:1 with reserves held at BitGo, including US Treasury short-term bonds. After the fluctuation, USD1 quickly traded back near the $1 mark.
Meanwhile, the freely traded WLFI token of the project declined about 3% during the day.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
POWER (Power Protocol) increased by 70.03% in the past 24 hours
Gate News Bot Message, February 27th, according to CoinMarketCap data, as of press time, POWER (Power Protocol) is trading at $1.88, up 70.03% in the past 24 hours, with a high of $2.56 and a low of $0.35. The 24-hour trading volume reached $59.5 million. The current market capitalization is approximately $395 million, an increase of $163 million from yesterday.
## Recent Important News about POWER:
1️⃣ **Institutional Capital Continues to Pour In, Boosts Market Enthusiasm**
Bitkraft, a well-known crypto investment firm, injected $3 million into Power Protocol, demonstrating traditional venture capital's recognition of the project. The influx of institutional capital often drives market risk appetite higher and encourages retail investors to follow suit, which is a key factor in this round of price increase.
GateNews14m ago
An address deposited $8.16 million worth of SIREN to Gate.
Odaily Planet Daily reports that on-chain analyst Ai Yi monitored that address 0xff3…581D7 transferred $8.16 million worth of SIREN to a new address, then recharged Gate with 1 million tokens, approximately $372,000.
GateNews34m ago
MYX (MYX Finance) increased by 27.58% in the last 24 hours
Gate News Bot Message, February 27th, According to CoinMarketCap data, at the time of press, MYX (MYX Finance) is currently trading at $0.46, up 27.58% in the past 24 hours, with a high of $1.79 and a low of $0.34. The 24-hour trading volume reached $61 million. The current market capitalization is approximately $116 million, an increase of $25 million from yesterday.
MYX is a decentralized derivatives trading protocol supporting perpetual contracts, cross-chain asset swaps, copy trading, and other DeFi services, operating on multiple blockchains including ARB, LINEA, and OPBNB. MYX does not provide asset custody services; all user assets are managed by users themselves in non-custodial wallets, and users execute on-chain transactions by interacting with smart contracts.
## Important recent news about MYX:
1️
GateNews47m ago
VVV (Venice Token) increased by 20.86% in the past 24 hours
Gate News Bot Message, February 27th, according to CoinMarketCap data, as of press time, VVV (Venice Token) is currently priced at $4.95, up 20.86% in the past 24 hours, with a high of $4.97 and a low of $3.18. The 24-hour trading volume reached $20.1 million. The current market capitalization is approximately $219 million, an increase of $37.7 million from yesterday.
## Recent Important News about VVV:
1️⃣ **Airdrop Campaign Concludes, Releasing Liquidity Expectations**
Venice's airdrop campaign has officially ended, including the burning of $100 million worth of unclaimed VVV tokens. This event marks the clarification of the project's liquidity supply structure, eliminating market uncertainty about subsequent large-scale airdrop releases, which is beneficial for stabilizing holder expectations and providing psychological support for price appreciation.
GateNews1h ago
ICP (Internet Computer) increased by 12.04% in the last 24 hours
Gate News Bot Message, February 27, According to CoinMarketCap data, as of press time, ICP (Internet Computer) is trading at $2.68, up 12.04% in the past 24 hours, with a high of $2.69 and a low of $2.02. The 24-hour trading volume reached $105 million. The current market capitalization is approximately $1.472 billion, an increase of $158 million from yesterday.
Internet Computer is a decentralized cloud computing network that offers tamper-proof, unstoppable, and end-to-end sovereign cloud infrastructure. The network hosts serverless software that is immune to traditional cyberattacks and can handle digital assets and currencies. As a platform prioritized for AI agents, Internet Computer supports the development of high-performance applications and services.
GateNews1h ago
User wallet information exposed! On-chain detective ZachXBT reveals Axiom employee suspected of insider trading
Well-known on-chain detective ZachXBT revealed that Axiom employees at the crypto trading platform abused internal tools to spy on users' wallets and may have used this information for insider trading. Axiom has revoked the relevant access rights and stated that an investigation into the misconduct is underway, emphasizing that this does not represent the overall team values. The investigation has sparked heated discussion in the market, and some traders have profited from predicting the event.
区块客1h ago
