Amidst a most Curious Filch of Funds: A Tale of Wizards, Whisperers, and the Curious Case of USD1
On the twenty‑third day of February, the illustrious-though disarrayed-assembly known in contemporary circles as World Liberty Financial found itself the target of modern trickery. Whithersoever the hacklings had one gaily alleged “depeg” the thine i‑dentity of our dear USD1.
It is a truth universally acknowledged that a coordinated assault, grammatical mis‑represented as a trio of daring manoeuvres, seeks to dissolve as neatly a stable coin from its rosy counterpart and thereafter amass a profit from such disorder.
They feigned a social calamity by posting in the domiciles of co‑founders, thereby sowing fear, uncertainty and doubt-fancy these three in the lexicon. From there on, they paid influencer‑shamers to herald nay more wretchedness, to achieve a tone that might even dwarf the day’s damning reports. Prithee, the plunderers short‑sold the WLFI tokens in pleasure of such artificial turbulence.
A coordinated attack was launched against USD1 this morning. Attackers hacked several WLFI cofounder accounts, paid influencers to spread FUD, and opened massive $WLFI shorts to profit from the manufactured chaos.
It didn’t work.
Thanks to USD1’s sound mint-and-redeem mechanism…
– WLFI (@worldlibertyfi), February 23, 2026
Resilience of the Stablecoin: The Spontaneous Recurrence of Balance
Whilst some whispers insisted upon total collapse, World Liberty Financial assured that the affair failed, “thanks to USD1’s sound mint‑and‑redeem mechanism and full 1:1 backing.” Within a passing moment, the coin, which had shrunk by a mere 0.6 percent to the rational figure of $0.994, swiftly reclaimed its rightful proximity to the dollar. At the hour of public reading, the coin traded at $0.9989, demonstrating a modest eclipse of 0.28 % over the preceding twenty‑four hours. The WLFI token, that tenth measure to the realm, proceeded at $0.1115 following a 0.7 % dip in twenty‑four hours.

Such Crusade over a fully‑reserved, fiat‑backed mint‑and‑redeem stable‑coin mechanism are not alone. The world of DeFi shelters many such protective enchantments, revealed in monthly audits, composition reports, allied institutions, and a white academic hand dubbed the “Gold Paper”.
Wardened Episodes of Attack and Ambition
Understand therefore that this constitute the fourth assault upon World Liberty’s dominion in the preceding two years. The winter of July 2024 saw Dough Finance, a venerable predecessor, bereft $2.5 million through nefarious hands. Atonally, September 2025 brought “sweeper bots,” exploiting a flaw in Ethereum’s EIP‑7702, draining wallets of millions in WLFI tokens. Mere months thereafter, a concert of phishing shrouded user holdings, compels the platform to scuttle unscrupulous tokens amounting to $22 million.
In a more hopeful spin, it has birthed the World Liberty Forum, an assembly designed to steer the capricious realm of cryptocurrency regulation into less perilous quarters.
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2026-02-23 21:31