- Bubblemaps flagged bundled clones; WLFI denies DM support, urging official channels, verified contracts, clean wallets, and skepticism always.
- Despite risks, derivatives volume topped $12B, open interest rose, and Alt5 Sigma linked $1.5B treasury strategy to WLFI.
World Liberty Financial’s WLFI token entered public trading with heavy activity and immediate operational risk. The token rose 135% after its ICO, buoyed by public staking from Justin Sun and brisk spot and derivatives turnover.
JUSTIN SUN JUST CLAIMED $178 MILLION $WLFI
Justin Sun just claimed his 20% unlock of WLFI – worth almost $200 Million. In total, he holds $891.2 MILLION of WLFI!
He says he is not selling anytime soon. https://t.co/o1qft2IuvB pic.twitter.com/G2ggEjbqxC
— Arkham (@arkham) September 1, 2025
However, SlowMist founder Yu Xian warned that WLFI holders are being targeted by phishing schemes tied to Ethereum’s EIP-7702 upgrade, which lets externally owned wallets temporarily act like smart-contract wallets.
According to Xian, attackers first obtain private keys through phishing, then pre-install a malicious “delegate” contract on the victim’s address. When funds arrive, the contract can trigger and drain balances.
A user report on 31 August described WLFI being stolen shortly after an ETH top-up, consistent with this method. Another early supporter recounted a 2024 wallet compromise, recovering only about 20% of vested WLFI while 80% remains exposed in the compromised account.
Meanwhile, analytics firm Bubblemaps flagged “bundled clones,” look-alike contracts that mimic legitimate projects and lure users into irreversible transfers. In response, the WLFI team stated it does not provide support via direct messages and directed users to official email channels to avoid impostors. The message is plain: treat unsolicited outreach as hostile terrain.
WATCH OUT: 🚨 $WLFI is live and bundled clones are everywhere
Be careful what you buy https://t.co/F91ubhcK52 pic.twitter.com/bHpe87F3uC
— Bubblemaps (@bubblemaps) September 1, 2025
Despite these setbacks, trading stayed elevated. Derivatives volume surpassed $12 billion, and open interest increased across major venues, indicating ongoing speculation. Additionally, WLFI announced a partnership with Alt5 Sigma, which recently outlined a $1.5 billion crypto treasury program. The linkage gives WLFI added distribution and corporate attention, even as security warnings climb.
For now, WLFI’s launch looks like a stress test for retail security in on-chain markets. Phishing tied to EIP-7702 exploits user key exposure, not a WLFI contract flaw. Therefore, the immediate performance will hinge on basic safeguards—clean keys, verified contracts, and official channels—while liquidity and partnerships keep the order books busy.
