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272 WLFI Wallets Frozen As Phishing Threats Continue To Increase

Why Did WLFI Blacklist 272 Wallets This Week?

272 WLFI Wallets Blacklist Explained As A Protection Step For Users

World Liberty Financial confirmed that a total of 272 WLFI Wallets have been blacklisted in recent days. The project said this action was taken to stop hackers from stealing funds and to help rightful owners regain control of their assets. 

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Source: X (formerly Twitter) 

According to the organisation, this number is very small compared to the overall community and does not affect normal trading behavior.

Details of the Blacklist

The company shared a clear breakdown of the 272 WLFI Wallets that were frozen. 

Out of this group, 

  • 215 wallets were connected to phishing attacks. They said it acted quickly to prevent hackers from moving stolen funds and is now working with the true owners to recover them.

  • 50 were blacklisted after their owners reported theft directly to world liberty financial. In these cases, the addresses were frozen at the request of victims to protect any remaining tokens.

  • 5 addresses were placed under review due to high-risk exposure. 

  • 1 address is under a detailed investigation for suspected misuse of other people’s assets.

Normal Trading Is Safe

World liberty financial clarified that holders will not be restricted from normal trading. 

The blacklist only includes wallets associated with theft or fraud. The team clarified that reviews are solely based on on-chain signals and verified reports, and not on individuals' subjective opinions.

This assurance follows a previous controversy with Justin Sun, who alleged his wallet was unjustly blocked and demanded the team to honor investor rights. 

The action briefly relieved selling pressure but also raised eyebrows about centralization and trust. Most in the community now compare that case with the treatment recent addresses, wondering how far the firm should go in direct intervention.

The wlfi token has seen a huge crash post this news, it decreased to $0.1759 before recovering to $0.1842 as per the CoinMarketcap

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Source: CoinMarketCap

What Happens Next?

The group clarified that the review of the 272 WLFI Wallets continues. Upon completion, the organisation will post the findings and verify the result for each type of case.

They consist of confirming rightful ownership, securing assets, and eliminating further exposure to security risk.

Users who suspect their wallets may be at risk are being asked to contact WLFI’s official help center or email with transaction details, screenshots, and wallet addresses. 

WLFI also warned the community to avoid fake accounts and links sent through private messages.

Community Reactions

The action has created controversy among investors. 

  • People who support this project welcome the blacklist as a wise move to shield holders and lower pressure to sell. 

  • They think it may benefit the price stability of the project in the short run.

  • Some critics are concerned that regular interventions such as freezing 272 WLFI Wallets could undermine confidence in decentralization.

  • They reason that if the decisions seem random, this might lower trust in the governance of the project.

World liberty financial is committed to stay transparent, publish results openly, and keep growing its platform as reviews are being undertaken.

For the time being, the group affirms its goal is simple: safeguard holders, secure funding, and preserve confidence in the WLFI-ecosystem.

Muskan Sharma

About the Author Muskan Sharma

Expertise coingabbar.com

Muskan Sharma is a crypto journalist with 2 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.

Muskan Sharma
Muskan Sharma

Expertise

About Author

Muskan Sharma is a crypto journalist with 2 years of experience in industry research, finance analysis, and content creation. Skilled in crafting insightful blogs, news articles, and SEO-optimized content. Passionate about delivering accurate, engaging, and timely insights into the evolving crypto landscape. As a crypto journalist at Coin Gabbar, I research and analyze market trends, write news articles, create SEO-optimized content, and deliver accurate, engaging insights on cryptocurrency developments, regulations, and emerging technologies.

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