Today, we are filing a lawsuit against Justin Sun for defamation. Sun has launched a coordinated media smear campaign against World Liberty Financial and refused to stop even when confronted with the truth.
Here's the story.🧵
For clarity: no WLFI or USD1 smart contracts or wallets were hacked.
Today’s incident involved unauthorized access to co-founders’ X (Twitter) accounts — not wallets or protocol infrastructure.
Zero smart contracts were affected. All USD1 funds remain completely safe, secure, and fully backed. Our infrastructure and team operated exactly as designed.
Thank you to our community for your continued support. We remain focused on building.
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 and full 1:1 backing, we are trading steadily at par. No scammer can shake the long-term commitment of the entire WLFI team and cofounders to USD1.
We encourage users to rely only on verified channels for accurate information.