BitGo, the exclusive issuer and reserve custodian for the USD1 stablecoin, has frozen USD1 tokens at a single address linked to stolen funds. The custodian stated no security issue was found on its end, and the freeze is temporary, with provisions for draining or reallocating frozen balances on certain chains.
WLFI announced that USD1 experienced an organized attack involving social engineering, where attackers compromised co-founders' accounts to spread FUD and short $WLFI. The operation failed, and USD1 remained stable due to its robust mechanisms and 100% asset backing.
