Holders of World Liberty Financial (WLFI), the cryptocurrency token linked to Donald Trump, are facing significant losses after a phishing exploit drained their tokens. Hackers exploited a loophole in Ethereum's recent Pectra upgrade (EIP-7702), using a malicious delegate contract to redirect funds to their own addresses.
Victims report difficulty recovering their tokens, with ongoing scams and phishing attempts exacerbating the situation.
This incident highlights the risks associated with new crypto projects and the vulnerability of users to sophisticated hacking techniques.
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