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- WLFI tokenholders are being targeted in phishing scams tied to Ethereum’s EIP-7702 upgrade.
- Hackers pre-plant malicious contracts in compromised wallets to drain funds instantly.
- Security experts urge investors to act quickly and only trust WLFI’s official support channels.
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World Liberty Financial (WLFI) tokenholders are facing a wave of thefts tied to a known exploit of Ethereum’s new EIP-7702 standard, according to SlowMist founder Yu Xian. The issue has surfaced just as the Donald Trump–backed WLFI token began trading this week with a supply of 24.66 billion tokens.
How Hackers Are Exploiting EIP-7702
Ethereum’s Pectra upgrade in May introduced EIP-7702, allowing external accounts to temporarily act like smart contract wallets. While the feature was designed to streamline user experience with batch transactions and delegated execution, it has also given bad actors a new tool.
Hackers are reportedly pre-planting malicious delegate contracts in compromised wallets. Once a deposit is made, the tokens are quickly “snatched.” Xian explained that the prerequisite is typically a leaked private key, often stolen through phishing attempts.
WLFI Holders Report Losses
Several WLFI community members have shared their struggles on online forums. One user said they were only able to save 20% of their WLFI tokens after a tense race against an attacker, while the remaining 80% remain stuck in a compromised wallet. Another warned that tokens are being stolen instantly upon arrival due to automated sweeper bots.
These concerns stem from WLFI’s whitelist and presale structure, which required the same wallet used for registration. If that wallet has since been compromised, holders remain vulnerable.
Security Recommendations and WLFI’s Response
Yu Xian suggested that affected users attempt to “cancel or replace the ambushed EIP-7702 with your own” and transfer any tokens as quickly as possible. Meanwhile, the WLFI team has warned against scams impersonating its project, urging users to rely only on official email support and avoid direct messages.
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Security firms have also flagged numerous WLFI-related scams, including cloned smart contracts designed to mimic legitimate projects.
Also Read: $1B WLFI Frenzy: Shocking Surge in Trump-Linked Token Ahead of Unlock
The WLFI token launch has drawn significant attention, but it has also become a magnet for hackers exploiting Ethereum’s latest upgrade. With phishing attacks and automated sweeper bots on the rise, experts stress that WLFI holders must act quickly to secure their assets—or risk losing them to well-coordinated scams.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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