news 
Trump’s Crypto Venture WLFI Addresses Wallet Compromise Amid Federal Scrutiny
In a recent statement, World Liberty Finance and Investment (WLFI), the crypto venture founded by Donald Trump Jr., Eric Trump, and their father Barron Trump, has announced that it is reallocating funds and confirming user identities following an investigation into potential wallet compromises. This update comes amid increased scrutiny from federal agencies.
The company disclosed that a limited number of wallets had been compromised due to external security failures or exposure of seed phrases. Notably, WLFI emphasized that the vulnerabilities were not caused by any internal platform or smart contract weaknesses.
To mitigate the impact of these incidents, WLFI froze the affected wallets in September and verified ownership to facilitate safe transfers for users who completed the required verification steps. This process was aimed at rebuilding trust while protecting remaining assets.
Furthermore, as part of its recovery efforts, WLFI is now testing new smart contract logic designed to prevent similar incidents and create a more robust environment for affected users.
Despite these steps, the company has not disclosed the exact number of accounts compromised or the amount of crypto potentially at risk.
Source: thecryptobasic.com
