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Trump’s Crypto Venture WLFI Faces Early Security Scare on User Wallets Before Launch
WLFI said it will begin reallocating funds to verified users after new KYC checks and contract upgrades, while unverified compromised wallets remain frozen. $WLFI
World Liberty Financial (WLFI), the Trump family-backed crypto project, is dealing with its first security scare after warning that a subset of user wallets suffered phishing-related compromises around the time of its token launch.
In an X post on Thursday, the WLFI team said some wallets were breached before the platform went live, either through phishing attacks or exposed seed phrases.
It said that the incident did not stem from flaws in WLFI’s own platform or smart contracts, and blamed third-party security lapses that allowed attackers to take control of private wallets.
The project said it responded by freezing affected wallets in September and verifying ownership.
WLFI said it will begin reallocating funds to verified users after new KYC checks and contract upgrades, while unverified compromised wallets remain frozen. $WLFI
World Liberty Financial (WLFI), the Trump family-backed crypto project, is dealing with its first security scare after warning that a subset of user wallets suffered phishing-related compromises around the time of its token launch.
In an X post on Thursday, the WLFI team said some wallets were breached before the platform went live, either through phishing attacks or exposed seed phrases.
It said that the incident did not stem from flaws in WLFI’s own platform or smart contracts, and blamed third-party security lapses that allowed attackers to take control of private wallets.
The project said it responded by freezing affected wallets in September and verifying ownership.
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