A cyberattack targeted World Liberty's stablecoin after hackers gained access to founders' social media accounts, the Trump-backed crypto group revealed. The breach aimed to manipulate the token's price through coordinated attacks on official channels.

Stablecoins, designed to maintain steady value pegged to assets like the US dollar, have become prime targets for market manipulation. This incident highlights the vulnerability of crypto projects to social engineering attacks, where compromised accounts can spread false information to trigger price swings.

The attack underscores growing security concerns in the cryptocurrency sector, particularly for projects with high-profile backing. World Liberty's response to the breach and measures to prevent future incidents will be closely watched by investors and the broader crypto community.