On November 20, WLFI caught the attention of the crypto community when it took emergency action, removing over 166 million WLFI Token from circulation. According to a November 20 update from Emmett Gallic – the project’s spokesperson – the WLFI team activated an “emergency” mechanism to address an incident involving a compromised wallet address, with a total of 166.667 million WLFI (equivalent to approximately $22.14 million) burned and the assets subsequently redistributed to the address that had recovered control.
This mechanism was Capital built by WLFI to address two common risks in the digital asset market: investors losing access to their wallets before the vesting time, or malicious wallets taking ownership of Token through security vulnerabilities. In this case, the project confirmed that the second scenario had occurred and was forced to act immediately to avoid the risk of Token being dumped or used for illegal activities.
