Yeliz Akmaca 
World Liberty Financial WLFI announced that before the platform’s launch, a small number of user wallets were compromised due to phishing attacks or exposed seed phrases. The platform froze affected wallets and required users to complete identity verification. In addition, WLFI developed new smart contract logic to securely reallocate user funds.
Prioritizing User Fund Security
WLFI emphasized that the security breaches were not caused by the platform or its smart contracts. Attackers accessed wallets through third-party security failures. In September, impacted wallets were frozen and owners were asked to re-complete KYC verification to confirm their identity.
Throughout the process, protecting user funds remained the top priority. The team tested new smart contract logic to ensure safe reallocation of funds. While the procedure took time, security was prioritized over speed.
New Smart Contracts and Fund Reallocation
The new smart contract logic was specifically designed for bulk fund reallocation. Users who complete the required KYC verification will be able to securely access their funds. Wallets of users who have not yet completed the verification process remain frozen, but they can initiate verification through WLFI’s help center.
By implementing these measures, WLFI ensures both regulatory compliance and maximum protection for user funds. The platform reiterated that the attacks stemmed from external vulnerabilities, not the WLFI network itself.
Important Information for Users
-
Affected users will have funds reallocated to new wallets after completing KYC verification.
-
Users who have not verified their identity can start the process via the support center.
-
The new smart contracts ensure secure bulk fund transfers for all verified users.
WLFI continues to update users and prioritize platform security while maintaining trust and regulatory standards.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.