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World Liberty Financial token holders are reportedly being drained of their WLFI tokens. One security expert points to a phishing exploit tied to Ethereum contracts. World Liberty Financial’s (WLFI) governance tokenholders are being hit with a known phishing wallet exploit using Ethereum’s EIP-7702 upgrade, SlowMist founder Yu Xian says.Ethereum's Pectra upgrade in May introduced EIP-7702, which allows external accounts to temporarily act like smart contract wallets, delegating execution rights and allowing batch transactions, which are aimed at streamlining a user’s experience. Xian said in an X post on Monday that hackers are exploiting the upgrade to pre-plant a hacker-controlled address in victim wallets, then, when a deposit is made, they quickly “snatch” the tokens, which in this case, is affecting WLFI tokenholders.Read more World Liberty Financial token holders are reportedly being drained of their WLFI tokens. One security expert points to a phishing exploit tied to Ethereum contracts. World Liberty Financial’s (WLFI) governance tokenholders are being hit with a known phishing wallet exploit using Ethereum’s EIP-7702 upgrade, SlowMist founder Yu Xian says.Ethereum's Pectra upgrade in May introduced EIP-7702, which allows external accounts to temporarily act like smart contract wallets, delegating execution rights and allowing batch transactions, which are aimed at streamlining a user’s experience. Xian said in an X post on Monday that hackers are exploiting the upgrade to pre-plant a hacker-controlled address in victim wallets, then, when a deposit is made, they quickly “snatch” the tokens, which in this case, is affecting WLFI tokenholders.Read more

Hackers are using the ‘classic EIP-7702’ exploit to snatch WLFI

2025/09/02 12:22

World Liberty Financial token holders are reportedly being drained of their WLFI tokens. One security expert points to a phishing exploit tied to Ethereum contracts.

World Liberty Financial’s (WLFI) governance tokenholders are being hit with a known phishing wallet exploit using Ethereum’s EIP-7702 upgrade, SlowMist founder Yu Xian says.

Ethereum's Pectra upgrade in May introduced EIP-7702, which allows external accounts to temporarily act like smart contract wallets, delegating execution rights and allowing batch transactions, which are aimed at streamlining a user’s experience.

Xian said in an X post on Monday that hackers are exploiting the upgrade to pre-plant a hacker-controlled address in victim wallets, then, when a deposit is made, they quickly “snatch” the tokens, which in this case, is affecting WLFI tokenholders.

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