Overview
- USD1 fell to roughly $0.98 on Binance around 8:15 am ET before regaining parity within minutes, according to Decrypt.
- Price trackers such as CoinGecko recorded a smaller trough near $0.994, underscoring differences across trading venues.
- World Liberty Financial said attackers hacked cofounders’ X accounts, paid influencers to spread fear, and opened large WLFI short positions.
- News outlets covering the episode reported no independent confirmation of the alleged hacks or paid disinformation efforts.
- WLFI credited USD1’s mint-and-redeem mechanism and full 1:1 backing for the swift recovery, as the WLFI token dropped about 7% and then partially rebounded.