World Liberty Financial (WLFI), a decentralized finance (DeFi) venture linked to President Donald Trump and his sons, said early Monday morning that it had been the target of what it described as a “coordinated attack” involving its USD1 stablecoin.

According to CoinGecko data$1 – which has a market capitalization of almost $4.8 billion – briefly lost its dollar position before returning to the $1 level. The fleeting move attracted immediate attention in cryptocurrency markets, especially given the project’s political connections and growing profile in the digital asset sector.

World Liberty Financial Addresses Incident

In statement published on its official account on X (formerly Twitter), the project alleged the simultaneous employ of multiple attack vectors. “A coordinated attack on $1 was launched this morning,” WLFI wrote.

The team alleged that hackers compromised the accounts of several co-founders, paid influencers to spread fear, uncertainty and doubt (FUD), and opened significant compact positions in the WLFI token in an attempt to profit from the market disruption.

Spokesman for World Liberty he said Bloomberg that the company’s engineering and security teams were able to successfully handle the incident. A spokesman described the event as a multi-pronged attempt to undermine confidence in the project, but said internal systems functioned as intended.

Beyond the fleeting depeg itself, online speculation quickly turned to another event that some community members believe may be related.

A social media user known as Chris Coffee suggested that the alleged attack may be related to an upcoming insider trading investigation teased by an investigator on the ZachXBT chain.

Speculation about the Insider probe is growing

ZachXBT announced on X that it plans to publish a report on February 26 detailing alleged insider trading by employees of “one of the most profitable crypto companies.”

Time has fueled the speculations. Some users pointed out reports that Eric Trump, who publicly supported WLFI, deleted several posts related to the project due to the stablecoin’s volatility. He later posted about WLFI again, drawing even more attention to the situation.

There has been increasing speculation in cryptocurrency circles that World Liberty Financial may be the subject of an ongoing investigation, although no evidence has been provided to support such claims.

The conversation has even expanded into prediction markets. On Polymarket, players bet on odds that could be targeted by ZachXBT’s investigation.

Current probabilities quoted on the platform assign roughly 20% of the odds to Pump.fun, 18% to World Liberty Financial and 14% to Binance.

There is currently no confirmed link between reports of Monday’s “coordinated attack” on $1 and the investigation, which is expected to be published on February 26. It is unclear whether these two events are related or simply coincidental.

At the time of 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