#MarketPullback WLFI blocks hacking attempts with onchain blacklisting

DeFi project WLFI said its onchain blacklisting efforts have thwarted theft attempts stemming from compromised end users.

WLFI blocks hacking attempts with onchain blacklisting

Trump linked decentralized finance (DeFi) project World Liberty Financial (WLFI) said it blocked hacking attempts targeting its token launch by blacklisting compromised wallets onchain.

On Wednesday, WLFI said that a designated wallet executed “mass blacklisting” transactions to disable accounts identified as compromised before it launched. The team said the hacking attempts stemmed from end user compromises like private key losses and stressed that the incidents were not an exploit of the WLFI project itself.

WLFI said the project’s blacklisting efforts prevented attempts to hack its “Lockbox,” a vesting mechanism that safeguards locked token allocations for its users. “This allowed us to block the theft attempts from the Lockbox,” WLFI wrote, linking to two Etherscan transactions showing the blacklist in action.

The team added that they are working with compromised users so that they can regain access to their accounts.