World Liberty Financial has identified and blacklisted a group of user wallets containing WLFI tokens that were compromised prior to the token’s official launch.
A company linked to President Trump’s family said attackers gained access to the wallets through external vulnerabilities linked to third-party tools or malicious schemes that tricked users into revealing private keys during the September 1 launch.
It is known that 272 wallets were frozen immediately after users reported suspicious activity. They were asked to re-verify their identity so the company could confirm ownership and return the funds to the intended recipients.
WLFI said it had also «developed and tested new smart contract logic to handle mass redistributions,» noting that most of the compromises occurred through phishing and credential compromise.
On November 19, World Liberty Financial executed an emergency contract, resulting in the burning of 166,667 million WLFI, worth approximately $22,14 million, from addresses associated with the hack. The company will begin redistributing funds to wallets that have passed the required checks shortly.
«Thank you to everyone who has shown patience and trust throughout this process. We are proud to protect our community and are ready to continue our work,» World Liberty Financial stated.
Tokens belonging to users who have not yet contacted the World Liberty Financial team will be frozen until they pass the verification process.