World Liberty Financial (WLFI) has reported successfully thwarting hacking attempts during its token launch. The team took steps to blacklist compromised wallets to protect its users.
Preventing Hacks with Blacklisting
WLFI announced that ahead of its token launch, a mass blacklisting of compromised wallets was carried out. The team stated that this measure helped avert potential losses due to private key leaks and clarified that this was not a protocol exploit but an end-user security issue.
Token Launch Attracts Scammers
With the trading opening, WLFI unlocked 24.6 billion tokens, immediately drawing the attention of scammers. Some malicious actors created fake smart contracts to mislead users into interacting with fraudulent versions of the project, a fact confirmed by blockchain analytics firm Bubblemaps.
Security Threats from EIP-7702
Yu Xian, founder of security firm SlowMist, warned that WLFI holders have fallen victim to phishing exploits leveraging Ethereum’s EIP-7702 standard. This standard, introduced under the Pectra upgrade, allows externally owned accounts to behave like smart contracts. While it improves user experience, it has also created new attack vectors. Xian described how attackers can insert their addresses into victims' wallets, allowing them to drain tokens.
WLFI continues to urge its users to remain vigilant against phishing attempts and to secure their assets, emphasizing that they do not contact users directly through social media.
