USD1: Backdoor Functions Alleged in WLFI Stablecoin
USD1 Solana contract allows issuer to drain funds from any wallet after April 2026 upgrade, per Justin Sun analysis of World Liberty Financial WLFI token.
SourceAnalysis
Justin Sun flagged independent research showing the USD1 Solana contract at USD1ttGY1N17NEEHLmELoaybftRBUSErhqYiQzvEmuB grants the issuer drain and reallocate rights that let it seize tokens from frozen wallets without consent, a power absent from the GitHub source but added in the April 2026 on-chain upgrade; the same mismatch pattern previously appeared in the World Liberty Financial WLFI token backdoor allegations, while USDC only freezes and USDT can destroy balances.
Justin Sun 孙宇晨
@justinsuntronJustin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor
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