The WLFI token from World Liberty Financial recently launched its public trading on major platforms. However, this launch comes with significant risks, including phishing warnings.
Launch of WLFI and Initial Activity
The WLFI token surged by 135% after its ICO, driven by strong trade activity. The launch was made possible thanks to public staking from Justin Sun, along with high turnover in both spot and derivatives markets.
Phishing Dangers and Expert Warnings
SlowMist founder Yu Xian expressed concerns regarding phishing schemes targeting WLFI holders. He warned that attackers could steal access keys through phishing, exploiting vulnerabilities related to EIP-7702. Such attacks could lead to fund losses, as reported by users.
Trading and WLFI Partnerships in Context of Security
Despite high risks, WLFI trading volume remained elevated, surpassing $12 billion, with open interest increasing across major venues. Additionally, WLFI announced a partnership with Alt5 Sigma, which detailed a $1.5 billion crypto treasury program, drawing further attention to the token.
The WLFI token has become a test for retail investor security in on-chain markets, and the success of its launch will depend on adherence to basic security measures.
