- 272 wallet addresses blacklisted by WLFI for safety.
- 215 linked to phishing, 50 frozen after user requests.
- Actions based on on-chain security, not trading activity.
In a proactive move to strengthen user protection, WLFI has blacklisted 272 wallet addresses in recent days. The decision comes as part of an effort to curb asset theft, assist compromised users, and maintain a secure trading environment. According to WLFI, these actions are not tied to regular trading behavior but are purely based on on-chain security signals.
The platform made it clear that its goal is to prevent malicious activity and recover assets for affected users. This step reinforces its commitment to security in an industry where wallet breaches and phishing attacks are becoming increasingly common.
Phishing Dominates the Threat Landscape
Out of the 272 wallets blacklisted:
- 215 were flagged due to phishing-related activity. These wallets were identified through automated and manual analysis of suspicious patterns.
- 50 addresses were frozen after users reported that their wallets had been compromised.
- 5 wallets were listed under high-risk exposure and are currently under review.
- 1 wallet is under investigation for possible misappropriation of funds.
This shows that phishing remains a major concern in the crypto space, and platforms like WLFI are stepping up efforts to mitigate the threat.
Security Over Surveillance
WLFI emphasized that the blacklist was generated solely from on-chain behavior, without any impact on users engaging in normal trading activities. This means that legitimate users have nothing to worry about as the actions are entirely risk-based, not performance-based.
By drawing a clear line between malicious activity and regular transactions, WLFI aims to preserve trust and offer a more transparent approach to asset protection. The company has also encouraged users to report any suspicious wallet activity for quicker intervention.
Read also:
- $25.4M Lost to Crypto Hacks in First Week of September
- Business Bitcoin Holdings Double in 9 Months
- Whale Bets Big: $29M SOL Long on Hyperliquid
- XRP Price Prediction: Analysts See $5 Target If Spot ETF Approval Secured in 2025
