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Trump-backed crypto stablecoin dips following 'attack,' quickly recovers
The Trump family-backed crypto stablecoin, USD1, briefly dipped below its $1 benchmark price on Monday, to around $0.994, but quickly recovered. A spokesman for World Liberty Financial, for which USD1 is a signature product, said in a statement to Reuters its engineering and security teams had “successfully repelled a coordinated attack.” World Liberty, which was co-founded in 2024 by President Donald Trump, his three sons and a group of partners, added in a post on X.com that the X accounts of its co-founders were accessed without authorization. It did not name which ones. There was no hack of the digital ... (full story)
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From finance.yahoo.com | Feb 23, 2026
World Liberty Financial, the digital-asset venture backed by the Trump family, said that it defeated an unspecified coordinated attack against its flagship cryptocurrency product. USD1, the dollar-pegged stablecoin issued by World Liberty, briefly traded below $1 on Monday before climbing back to par, according to crypto data tracker CoinGecko. ...
From theguardian.com | Feb 23, 2026
Shortly after Donald Trump pardoned Changpeng Zhao, the Binance founder, last fall, company employees revealed the cryptocurrency exchange may have funded Iranian entities with billions of dollars, according to a report by the New York Times. The discovery was made by a group of internal Binance investigators, who reportedly found that people in Iran had ...