After a yearlong share slump, PayPal is fielding buyout approaches as rivals 
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$70,000?

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World Liberty Financial (WLFI), the decentralized finance (DeFi) venture 
associated with President Donald Trump and his sons, said early Monday that it 
had been targeted in what it described as a “coordinated attack” involving its 
stablecoin, USD1. According to CoinGecko data, USD1 — which carries a market 
capitalization of nearly $4.8 billion — briefly lost its dollar peg before 
recovering to $1. The temporary dislocation drew immediate attention across 
crypto markets, particularly given the project’s political ties and growing 
profile within the digital asset sector. World Liberty Financial Addresses 
Incident In a statement posted on its official account on X (previously 
Twitter), the project alleged that multiple attack vectors were deployed 
simultaneously. “A coordinated attack was launched against USD1 this morning,” 
WLFI wrote. The team claimed that hackers compromised several cofounder 
accounts, paid influencers to spread fear, uncertainty, and doubt (FUD), and 
opened significant short positions in the WLFI token in an attempt to profit 
from market disruption. Related Reading: Why The XRP Price Bottom Could Be In, 
And A Jump Above $2 Is Coming A spokesperson for World Liberty told Bloomberg 
that the company’s engineering and security teams had successfully countered 
the incident. The spokesperson described the event as a multi‑pronged attempt 
to undermine confidence in the project, but said internal systems functioned 
as intended. Beyond the temporary depeg itself, online speculation quickly 
shifted toward another development that some community members believe could 
be connected. A social media user known as Chris Coffee suggested that the 
alleged attack might relate to a forthcoming insider trading investigation 
teased by on‑chain investigator ZachXBT. Insider Probe Speculation Grows 
ZachXBT announced on X that he plans to publish a report on February 26 
detailing alleged insider trading by employees of &#8220;one of the most profitable 
crypto companies.&#8221; The timing has fueled conjecture. Some users pointed to 
reports that Eric Trump, who has been publicly supportive of WLFI, deleted 
several posts related to the project following the stablecoin’s volatility. He 
later posted again about WLFI, further drawing attention to the situation. In 
crypto circles, speculation intensified that World Liberty Financial could be 
the subject of the pending investigation, though no evidence has been 
presented to confirm such claims. Related Reading: Expert Crypto Trader 
Predicts The Exact Year Bitcoin Will Reach $250,000 The conversation has even 
extended to prediction markets. On Polymarket, bettors are placing odds on 
which company ZachXBT’s investigation might target. Current probabilities 
cited on the platform assign roughly a 20% chance to Pump.fun, 18% to World 
Liberty Financial, and 14% to Binance. For now, there is no confirmed link 
between Monday’s reported “coordinated attack” on USD1 and the investigation 
scheduled for release on February 26. Whether the two events are related or 
simply coincidental remains uncertain. As of this writing, the company’s 
native token, WLIF, is trading at $0.1121. This represents a 66% gap between 
the current trading price and the token’s all-time high of $0.33. Featured 
image from Sky, chart from TradingView.com

World Liberty Financial Cites ‘Coordinated Attack’ — But Are There Deeper Issues?

A person familiar with the project reportedly said the stablecoin under 
preliminary discussion by the board would be established as “a means to allow 
Gazans to transact digitally.”

Trump‘s Board of Peace said mulling stablecoin for Gaza efforts: FT

On Monday, Crypto.com disclosed that it has secured conditional approval from 
the Office of the Comptroller of the Currency to charter a national trust 
bank, marking another crypto firm inching deeper into the U.S. banking system. 
Digital Asset Firm Crypto.com Wins Conditional OCC Approval for National Trust 
Bank Charter Crypto.com announced Monday it received conditional […]

Cryptocurrency price in ZAR