WLFI Freezes Wallets, Recovers $22M After Phishing Attack

The post WLFI Freezes Wallets, Recovers $22M After Phishing Attack appeared first on Coinpedia Fintech News

World Liberty Financial (WLFI) faced a security breach from phishing and exposed seed phrases before its platform launch, impacting a small number of user wallets. To protect users, WLFI froze the affected wallets and began a Know Your Customer (KYC) re-verification process. The platform developed new smart contract logic to securely migrate funds to new wallets. WLFI emphasized that the breach resulted from third-party security issues, not flaws in their platform, and will reallocate funds only to users who complete verification.