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WLFI will redistribute funds for users who have fallen victim to phishing attacks, and KYC verification must be completed.

According to Mars Finance, WLFI announced that before the platform officially launches, some users' Wallets were compromised due to phishing attacks or leakage of mnemonic phrases. WLFI emphasized that the incident was not due to platform or contract vulnerabilities, but rather stemmed from third-party security issues. The team has developed new contract logic that allows assets to be redistributed to a secure new Wallet after completing KYC verification. Wallets that have not submitted applications or have not passed verification will remain frozen, but users can still initiate the recovery process through the customer service center. According to Emmett Gallic, World Liberty Fi has burned a total of 166.67 million WLFI (valued at approximately 22.14 million USD) from a Wallet that was suspected to have been breached and has redistributed an equal amount of Tokens to a new secure Address.

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