News

Jinse Finance reported that SlowMist's Cosine disclosed on the X platform that an investor lost all WLFI tokens participated in a private placement due to private key leakage. He stated that this was a classic EIP-7702 phishing exploit. First, the private key was leaked, and the phishing group (possibly more than one) set up an EIP-7702 exploit mechanism for the wallet address corresponding to the victim's private key. This mechanism would "automatically" transfer away any Gas sent in when attempting to transfer the remaining tokens, such as the WLFI tokens locked in the Lockbox contract. The frontrunning approach is feasible: send in Gas, cancel or replace the ambushed EIP-7702 with your own, and transfer away the valuable tokens. These three actions are packaged and sent in one block using flashbots.

ChainCatcher News, according to on-chain analyst @ai_9684xtpa, among the total supply of 100 billion WLFI tokens, only 20% from the first and second rounds of the public sale are clearly unlocked at TGE, with the total tokens sold in the public sale being 25 billion. Assuming all participants have transferred their tokens to the Lockbox and activated them, the TGE circulating supply would be 5 billion tokens (5% of the total supply). Based on the current contract price of $0.3858 on a certain exchange, this would result in $1.93 billion in sell pressure. However, Tokenomist found that in the WLFI smart contract, the corresponding early presale user share is only 1.843 million tokens (with 657 million tokens not accounted for). If this is true, under the same conditions, the TGE circulating supply would decrease to 3.68 billion tokens, about $1.42 billion in sell pressure. As of 8 PM tonight, the WLFI Lockbox contract has received a total of 16.395 billion tokens, meaning only 65.5% of the presale tokens have been activated. Therefore, the actual TGE circulating supply will ultimately depend on the total number of tokens deposited by investors. Based on the current contract price of $0.3858 on a certain exchange, WLFI's FDV is $38.58 billion, which is 1.62 times the FDV of LINK. DWF Labs previously invested $25 million to acquire 250 million tokens at a cost of $0.1 each, and is also a USD1 market maker. Therefore, DWF Labs will become the market maker for WLFI tokens.