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Stock impact report

Trump Bros' WLFI Shook as Hackers Infiltrate [Yahoo! Finance]

American Bitcoin Corp. - Class A (ABTC) 
Company Research Source: Yahoo! Finance
Trump Bros' WLFI Shook as Hackers Infiltrate - Moby BREAKING NEWS World Liberty Financial (WLFI), the Trump family's crypto venture and issuer of the USD1 stablecoin, had a bumpy start to the week. The company said there was a “coordinated attack” on the credibility of its platform. Hackers didn't go after the platform for money, but instead went after key co-founder social media accounts, hired “FUD” influencer campaigns, and opened a short position on the actual WLFI token. Oh, and USD1, their stablecoin pegged to the U.S. dollar, briefly slipped to $0.994. (USD1 has since recovered to its $1 peg.) Eric Trump was also caught deleting a few tweets, celebrating the “amazing few days” World Liberty Financial had until the hack. The company hosted the World Liberty Financial Forum at Mar-a-Lago last week. “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 te Show less Read more
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