World Liberty Monetary (WLFI), the Trump family-backed crypto venture, 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 submit on Thursday, the WLFI group mentioned some wallets have been breached earlier than the platform went reside, both by way of phishing assaults or uncovered seed phrases.
It mentioned that the incident didn’t stem from flaws in WLFI’s personal platform or sensible contracts, and blamed third-party safety lapses that allowed attackers to take management of personal wallets.
The venture 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 have been requested to finish contemporary know-your-customer (KYC) checks and submit new pockets addresses, so funds could possibly be moved to safer accounts.
1/ Previous to WLFI’s launch, a comparatively small subset of consumer wallets have been compromised by way of phishing assaults or uncovered seed phrases.
Since then, we’ve examined new sensible contract logic to securely reallocate consumer funds and verified customers’ id by way of KYC checks.
Shortly, customers who…— WLFI (@worldlibertyfi) November 19, 2025
In parallel, engineers constructed and examined new sensible contract logic to deal with bulk reallocations. The group mentioned reallocations will now start for customers who opened assist 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 by way of the assistance centre.
WLFI framed the sluggish rollout as deliberate, saying it selected to prioritise the protection of funds over velocity, although the basis trigger lay exterior its personal methods. The message aimed to reassure holders who noticed wallets locked for weeks whereas the group designed and examined the migration course of.
WLFI Buying and selling Exploded On Binance With Practically $1B Quantity In First Hour
The safety challenge 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 fingers within the first hour, based on CoinMarketCap. Costs moved between $0.24 and $0.30, roughly in step with futures pricing forward of the itemizing.
On the prime 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 venture 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 thus far, moderately than full financial claims on the enterprise.
Phishing hyperlinks, faux assist channels and poor key storage stay the weakest factors in consumer-facing crypto, even on initiatives with excessive visibility and substantial sources.
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