WLFI project blocks hacking and handles EIP-7702 vulnerabilities

According to Cointelegraph, World Liberty Financial (WLFI), a Trump-related decentralized finance project, said hackers against its token issuances were blocked through an on-chain blacklist. On Wednesday, WLFI said the designated wallet performed a “batch blacklist” transaction, disabling accounts identified as damaged, preventing theft attempts to burglary its “Lockbox.” The team is helping damaged users restore account access. On Monday, WLFI unlocked 24.6 billion tokens to open its first transaction. Hackers and scammers tried to exploit the incident, and Bubblemaps discovered a “bundled clone” contract that mimicked the project. Cosine, founder of security firm SlowMist, reported that WLFI holders were stolen through the EIP-7702 vulnerability. EIP-7702 allows external accounts to temporarily act as smart contract wallets, and although designed to improve user experience, new attack vectors have also been introduced.