Houston Man Orchestrates $40,000,000 Bank Fraud Scheme, Fooling Lenders Into Backing Big Loans for Bogus Companies: DOJ
NewsDaily Hodl2026-02-23 20:40
A Houston resident directed a major bank fraud scheme that laundered at least $40 million, according to the U.S. Department of Justice. The agency say...
A Houston resident directed a major bank fraud scheme that laundered at least $40 million, according to the U.S. Department of Justice. The agency says 44-year-old Bun Khath and his co-conspirators submitted loan applications that contained fraudulent information and documents, including fake equipment sales invoices, income tax returns and bank statements. Khath, who admitted to […]
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The USD1 stablecoin briefly lost its dollar peg on February 23, falling to around $0.994 before quickly recovering. The token now trades close to pari...
The USD1 stablecoin briefly lost its dollar peg on February 23, falling to around $0.994 before quickly recovering. The token now trades close to parity, suggesting the disruption lasted only minutes. USD1 is issued by World Liberty Financial (WLFI), a DeFi project linked to business entities associated with Donald Trump and his family. The stablecoin
The post Trump Family-Linked Stablecoin Briefly Depegs, WLFI Blames ‘Coordinated Attack’ appeared first on BeInCrypto.
Trump-Affiliated Stablecoin Briefly Depegs After ‘Coordinated Attack’ on World Liberty Financial
NewsDaily Hodl2026-02-23 20:00
USD1, a stablecoin affiliated with President Donald Trump, just briefly dipped below its $1.00 price peg. The asset slipped to $0.9942 on Monday morni...
USD1, a stablecoin affiliated with President Donald Trump, just briefly dipped below its $1.00 price peg. The asset slipped to $0.9942 on Monday morning, before regaining its peg within a couple of hours. The decentralized finance (DeFi) project World Liberty Financial (WLFI), which issues USD1, attributed the volatility to a “coordinated attack” from hackers. “Attackers […]
The post Trump-Affiliated Stablecoin Briefly Depegs After ‘Coordinated Attack’ on World Liberty Financial appeared first on The Daily Hodl.