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WLFI Team Member: This Incident Was an Organized Attack; USD1 is Fully Compliant and Fully Collateralized
According to a post by @0xDylan_, a core member of the @worldlibertyfi team, an "attack" was organized targeting WLFI and USD1. USD1 is fully compliant and fully collateralized with assets at a 1:1 ratio.
Dylan_0x
@0xDylan_
02-23
Some people organized an "attack." USD1 is fully compliant, with 100% collateralized assets at a 1:1 ratio.
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
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From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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