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Trump Crypto News: WLFI Holders Targeted in by Hackers in Phishing Exploit
Hackers use Ethereum's EIP-7702 feature to drain WLFI tokens from compromised wallets, with some victims losing up to 80% of holdings, security experts warn.
- World Liberty Financial launched WLFI on Monday amid heavy publicity, but just a day after, holders reported wallets being drained during the token's debut trading.
- Ethereum's May Pectra upgrade added EIP-7702, which allows temporary contract-like wallet behavior, and security researchers say its delegate function lets external accounts act like smart contract wallets, creating attack vectors.
- SlowMist founder Yu Xian explained that attackers first steal private keys via phishing, then pre-install malicious delegate smart contracts that reroute gas fees and sweep tokens in real time.
- Victims say the exploit has caused concrete losses, with one victim losing $4,876 and affected holders recovering only 20% while losing 80%.
- Amid those warnings, the WLFI team advised users to ignore DMs and use verified email support, while analytics firm Bubblemaps flagged bundled clones and phishing links on Telegram and X as derivatives volume topped $12 billion.
12 Articles
12 Articles
Trump Crypto News: WLFI Holders Targeted in by Hackers in Phishing Exploit
Falling prices aren’t the only losses World Liberty Financial (WLFI) holders are facing just a day after the token went live for trading.Hackers are apparently exploiting a loophole tied to Ethereum’s recent Pectra upgrade, draining WLFI tokens through what security firms are calling a “classic EIP-7702 phishing exploit.”WLFI, the Donald Trump–linked governance token that began trading Monday with a 24.6 billion supply, anchors an ecosystem of b…
WLFI Rally Meets EIP-7702 Phishing Risk Amid Heavy Trading News ETHNews
Bubblemaps flagged bundled clones; WLFI denies DM support, urging official channels, verified contracts, clean wallets, and skepticism always. Despite risks, derivatives volume topped $12B, open interest rose, and Alt5 Sigma linked $1.5B treasury strategy to WLFI. World Liberty Financial’s WLFI token entered public trading with heavy activity and immediate operational risk. The token rose 135% after its ICO, buoyed by public staking from Justin …
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