PANews reported on November 20th that, according to a WLFI announcement, prior to the platform's official launch, some user wallets were compromised due to phishing attacks or leaked seed phrase. WLFI emphasized that the incident was not caused by platform or contract vulnerabilities, but rather stemmed from a third-party security issue. The team has developed new contract logic that allows assets to be redistributed to a secure new wallet after KYC verification is completed. Wallets that have not submitted an application or failed verification will remain frozen, and users can still initiate the recovery process through the customer service center.
According to Emmett Gallic, World Liberty Fi destroyed a total of 166.67 million WLFI tokens (worth approximately $22.14 million) from a suspected compromised wallet and redistributed an equal amount of tokens to a new secure address.
