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WLFI Locks Out Hackers with Blacklist Ahead of Token Launch

Key Takeaways

  • ​WLFI blacklisted compromised wallet addresses before its token launch to prevent hacks caused by leaked private keys;
  • The blacklist protected WLFI’s Lockbox tool, which holds users’ locked token allocations;
  • Scam contracts mimicking WLFI appeared during its token launch, which aims to trick users into sending funds to fake addresses.

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WLFI Locks Out Hackers with Blacklist Ahead of Token Launch

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.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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