World Liberty Monetary (WLFI), the Trump family-backed crypto undertaking, is coping with its first safety scare after warning {that a} subset of consumer wallets suffered phishing-related compromises across the time of its token launch.
In an X put up on Thursday, the WLFI staff mentioned some wallets had been breached earlier than the platform went dwell, both via phishing assaults or uncovered seed phrases.
It mentioned that the incident didn’t stem from flaws in WLFI’s personal platform or good contracts, and blamed third-party safety lapses that allowed attackers to take management of personal wallets.
The undertaking mentioned it responded by freezing affected wallets in September and verifying possession.
WLFI Rolls Out KYC Checks And New Pockets Course of To Safe Person Funds
Customers who reported compromise had been requested to finish contemporary know-your-customer (KYC) checks and submit new pockets addresses, so funds may very well be moved to safer accounts.
1/ Previous to WLFI’s launch, a comparatively small subset of consumer wallets had been compromised through phishing assaults or uncovered seed phrases.
Since then, we’ve examined new good contract logic to securely reallocate consumer funds and verified customers’ id through KYC checks.
Shortly, customers who…— WLFI (@worldlibertyfi) November 19, 2025
In parallel, engineers constructed and examined new good contract logic to deal with bulk reallocations. The staff mentioned reallocations will now start for customers who opened help tickets and handed the required verification steps, whereas wallets linked to customers who haven’t but engaged will stay frozen. These customers can nonetheless begin the method via the assistance centre.
WLFI framed the gradual rollout as deliberate, saying it selected to prioritise the security of funds over pace, regardless that the basis trigger lay exterior its personal programs. The message aimed to reassure holders who noticed wallets locked for weeks whereas the staff designed and examined the migration course of.
WLFI Buying and selling Exploded On Binance With Almost $1B Quantity In First Hour
The safety situation arrives solely weeks after WLFI’s high-profile debut. World Liberty Monetary launched its WLFI token on Sept. 1, following teasers earlier in 2024. Buying and selling started on decentralized venues with sharp swings, together with a drop of greater than 15% on launch day.
Momentum then shifted to main exchanges. Buying and selling volumes surged on Binance and elsewhere, with about $1b value of tokens altering palms within the first hour, in keeping with CoinMarketCap. Costs moved between $0.24 and $0.30, roughly consistent with futures pricing forward of the itemizing.
On the high of that vary, the Trump household’s stake, reported as 22.5b tokens out of a 100b provide, carried a paper worth of greater than $6b, making WLFI its single largest asset, the Wall Avenue Journal reported. The run-up gave the undertaking on the spot visibility throughout each political and crypto circles.
WLFI Stake Drops To $3.15B As Token Trades Effectively Beneath Launch Ranges
Market situations have since cooled. As of Nov. 20, the household’s WLFI holdings are value about $3.15b on paper, primarily based on a token worth of $0.13 and the identical 22.5b token stake.
These are locked governance tokens that confer voting rights and a share of income from presales, estimated at $400m to $500m realized to this point, somewhat than full financial claims on the enterprise.
Phishing hyperlinks, pretend help channels and poor key storage stay the weakest factors in consumer-facing crypto, even on tasks with excessive visibility and substantial sources.
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