Hackers Dey Exploit Ethereum Pectra EIP-7702 to Drain WLFI Tokens
Security researchers dey warn say hackers dey exploit EIP-7702 vulnerability wey come wit Ethereum Pectra upgrade to carry out phishing attack wey dey drain WLFI governance tokens. Di attack put one bad delegate contract inside smart contract wallets wey don spoil. When users deposit ETH or WLFI as gas, money go automatically redirect go hacker-controlled addresses. Di breach happen one day after WLFI start to trade, wit di Trump-linked governance token launch wit 24.6 billion supply. WLFI price reach peak $0.3313 before e drop to $0.2427, some wallets dey report losses reach 80%. Security firm SlowMist talk say private key leaks still be main way hackers dey enter. Experts advise say make una revoke or replace bad delegates, shift assets go secure wallets and only make transaction wit official smart contracts. Traders suppose avoid unsolicited links and dey watch WLFI market well. Dis phishing attack show di danger wey new EIP upgrades fit bring and di need for strong wallet security.
Bearish
Di phishing explɔit wey dey exploit EIP-7702 for Ethereum Pectra don directly spoil WLFI market confidence, e cause sharp price loss after dem launch am. For short term, di breach plus reports of plenty token loss fit make sell pressure high and trading volume low, e go make WLFI get bearish sentiment. But if dem quick quick fix di protocol and users start trust again through better wallet security, di long term impact fit balance out. History show say quick security patches and community reassurance fit make token price steady over time. Traders suppose dey watch official update and on-chain delegate revocation moves as sign for market recovery.