The World Liberty Financial (WLFI) project has frozen 272 wallets, sparking discussions in the crypto space. The security measures aim to protect users.
Details on Wallet Freezes
WLFI explained that the frozen wallets represent only a small portion of total holders. The reasons for freezing include:
* 215 wallets (79%) linked to phishing attacks; * 50 wallets (18.4%) blacklisted at the request of owners; * 5 wallets (1.8%) flagged for high-risk activity and still under review; * 1 wallet (0.4%) suspected of unauthorized fund withdrawal.
WLFI emphasized that regular trading activities were never a reason for blacklisting.
Community Reactions
The freeze sparked discussions following reports that a wallet connected to Tron founder Justin Sun was affected. Sun called the freeze "unreasonable" and urged for his 595 million WLFI tokens to be released. Despite the criticism, WLFI highlighted the importance of protecting users and ensuring the platform's security.
Future Prospects
WLFI aims to continue working with the owners of the affected wallets to regain control over their funds. The project also promised public updates as reviews for each wallet are completed. Users are advised to trust only WLFI’s official channels and be cautious with fraudulent offers.
The wallet freeze situation with WLFI raises questions about balancing security and investor trust, especially given the political influence on the crypto industry.
