WLFI Holders Targeted as Hackers Use Ethereum’s EIP-7702 Exploit

World Liberty Financial’s (WLFI) governance tokenholders are being hit with a known phishing wallet exploit using Ethereum’s EIP-7702 upgrade, SlowMist founder Yu Xian says.

Ethereum’s Pectra upgrade in May introduced EIP-7702, which allows external accounts to temporarily act like smart contract wallets, delegating execution rights and allowing batch transactions, which are aimed at streamlining a user’s experience. 

Xian said in an X post on Monday that hackers are exploiting the upgrade to pre-plant a hacker-controlled address in victim…