World Liberty Financial news today centers on the project's freezing of assets tied to the Binance hot-wallet breach on October 29, 2026. $6.3B left 17 Binance hot wallets on nine chains between 20:04 and 23:56 UTC on 29 October.
World Liberty Financial news today: USD1 and WLFI freezes after Binance breach
TRM attributes the theft to North Korea's TraderTraitor, with evidence pointing to a compromise of Binance's hot wallet signing infrastructure. Binance has not confirmed that attribution.
World Liberty acted during the evening of the attack. Reports differ on the timing, with one timeline putting the first WLFI freeze at 20:57, before anyone else, while TRM records a USD1 freeze in the main receiving wallet at 22:10 UTC, and froze USD1 in the compromised Binance hot wallet at 22:26 UTC.
The project said it acted with BitGo. "USD1 has taken proactive steps to freeze the $27 million in USD1 associated with the Binance hack," said World Liberty Financial co-founder and CEO Zach Witkoff. Binance co-CEO Yi He also said roughly $2 million in WLFI was frozen alongside the stablecoin. The freeze covered 48 million WLFI tokens, worth about $2 million.
Recovery remains incomplete. About $2.7 billion has been frozen, but the attacker still holds roughly $2.4 billion, and TRM is tracking the funds. Analysts note that a freeze only keeps recovery possible. Restitution requires a completed return of funds to a verified beneficiary, which requires a return transaction or another completed process delivering value to a verified beneficiary.
WLFI trading pressure and exchange flows
WLFI was priced at $0.05012, up 0.06% over 24 hours, and sits 84.87% below its all-time high of $0.3313.
On-chain data reported by AMBCrypto points to continued selling pressure. WLFI registered over 10 consecutive days of spot net outflows, highlighting sustained withdrawals from centralized exchanges. Separately, $8.06 million in exchange deposits has drawn attention. The report also flagged that WLFI's breakdown below $0.0538 increased the likelihood of another decline toward $0.0500.
Ongoing legal and debt disputes
Older disputes remain unresolved. Sun, in his April 21 lawsuit, alleged World Liberty froze tens of millions of dollars of his assets – preventing him from selling them – and pressured him into buying $200 million worth of USD1. World Liberty filed its own suit against Sun in Miami-Dade County on May 4, alleging a "coordinated media smear campaign". Neither lawsuit has reached trial, and no allegations have been proven in court.
A separate token-backed loan is also in focus. Dolomite still holds roughly $162 million of WLFI-backed debt despite a partial repayment.