Falling prices aren’t the only losses World Liberty Financial (WLFI) holders are facing just a day after the token went live for trading.

Hackers are apparently exploiting a loophole tied to Ethereum’s recent Pectra upgrade, draining WLFI tokens through what security firms are calling a “classic EIP-7702 phishing exploit.”

WLFI, the Donald Trump–linked governance token that began trading Monday with a 24.6 billion supply, anchors an ecosystem of branded cards and payment services. After rising to as high as 33.13 cents after its trading debut, the WLFI price has dropped to 24.27 cents, CoinGecko data show.

The attack vector can be traced back to EIP-7702, a feature introduced in May that enables regular wallets to function like smart contract wallets for batch transactions.

While meant

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