World Liberty Financial (WLFI) has successfully blocked hacking attempts targeting its token launch through the implementation of onchain blacklisting. The project reported that a designated wallet conducted mass blacklisting transactions to disable compromised accounts before the launch. These hacking attempts were attributed to end-user issues such as private key losses, and WLFI clarified that there were no exploits within their project itself. Their blacklisting mechanisms protected the 'Lockbox' vesting mechanism, which secures locked token allocations for users. Despite these measures, the WLFI user base faced challenges on the trading debut day, with hackers employing tactics such as creating bundled clones of smart contracts to deceive users. Security expert Yu Xian revealed that some WLFI holders are being affected by a phishing exploit related to the EIP-7702 upgrade, permitting malicious exploitation via hacker-controlled addresses inserted into victim wallets. The EIP-7702 upgrade was intended to improve user experience but inadvertently opened new avenues for security threats.

Source šŸ”—