World Liberty Financial (WLFI), a decentralized finance (DeFi) project linked to Donald Trump, has taken action to block suspicious activity before launching its token.
According to a post on X by the WLFI team, compromised wallets were added to an on-chain blacklist just ahead of the release.
This preventive step was handled by a designated wallet, which carried out several blacklist transactions on September 3.
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WLFI explained that the wallets were affected by user-side problems, such as private key leaks, and not due to any vulnerability in the platform itself.
One key focus of the blacklist was WLFI’s “Lockbox”, a vesting tool that holds user token allocations until they are unlocked. The team said the blacklist helped stop attempts to steal these locked tokens, and they shared two transaction links from Etherscan as evidence of the blacklist in use.
The project also stated that it is working with individuals whose accounts were affected to help them restore access.
The WLFI token officially launched on September 1 by unlocking 24.6 billion tokens and opening them up for trading. The high visibility of the event drew attention from scammers.
Fake smart contracts that mimicked the real project were created to mislead users. These clones, called “bundled clones” by analytics firm Bubblemaps, aim to trick people into transferring funds to the wrong addresses.
Additionally, Yu Xian, the founder of the security company SlowMist, reported a phishing scam targeting WLFI holders. What did he say? Read the full story.
