2 hours ago
World Liberty Financial (WLFI), the DeFi task linked to the US President Donald Trump, has blacklisted much than 200 wallet addresses since it started trading connected Sept. 1.
On Sept. 4, Galaxy researcher Zach Pokorny reported that the DeFi task had blocked 272 wallet addresses wrong its archetypal week of trading.
According to Pokorny, immoderate of the restrictions were applied done bulk transactions. He suggested that archetypal blocklist actions appeared tied to pre-launch know-your-customer (KYC) checks, portion the motives for much caller blocklists stay uncertain.
The determination aligns with WLFI’s earlier disclosure that it had blocked wallets during its token rollout to antagonistic hacking attempts.
The project’s squad stated:
“A WLFI-designated wallet [has executed the] wide blacklisting of wallets identified arsenic compromised (private-key loss) anterior to launch. These onchain actions thwarted attempted theft from the Lockbox.”
WLFI’s blocklist strategy has drawn sharper attraction implicit the past time aft reports emerged that an address connected to Tron laminitis Justin Sun had besides been restricted.
Sun publically criticized the move, informing it could erode assurance successful WLFI astatine a clip erstwhile the project’s governmental ties already marque it highly scrutinized.
The station Apart from Justin Sun’s wallet, World Liberty Financial has blacklisted implicit 270 further wallets appeared archetypal connected CryptoSlate.
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