Wolf Locks 57% of Tokens for Two Years to Rebuild Trust After Bridge Incident

  • The commitment of over 57% of all WOLF tokens to a two-year lock is one of several measures that show how confident major holders are.
  • With 2.5% vesting after the two-year term and the possibility to re-lock after that, the lock releases gradually.

In order to rebuild community trust and promote the long-term expansion of its onchain ecosystem, DeFi hub Wolf has revealed its strong reaction to a recent token-bridging event. The commitment of over 57% of all WOLF tokens to a two-year lock is one of several measures that show how confident major holders are in the platform’s long-term prospects.

Wolf’s quick action was intended to lessen the impact of the bridge event and unite the community behind the team’s goal of offering institutional-grade DeFi services protected by Byrrgis’ cutting-edge architecture. By offering complete transparency into token ownership and vesting, these initiatives will safeguard WOLF holders in addition to lessening sell pressure.

Two separate incidents involving Wolf that affected the WOLF token occurred in late September. In the first, Wolf’s Ethereum bridge was owned by a reliable contractor for the duration of its setup. Rather of returning ownership to the team when the project was finished, the contractor took advantage of their position to coin unbacked ETH-WOLF and deplete more than $600K in ETH-side liquidity.

An early whale then unexpectedly sold almost 2% of the supply after declining to sign an NDA and join the community lock structure. Since then, both of these incidences have been lessened, and the WOLF token and bridge have been strengthened to guard against future occurrences.

Since all of the big WOLF token holders have locked their tokens via Streamflow, 57% of the whole quantity of WOLF tokens—or more than 570 million tokens valued at $13.2 million—are now locked for two years. With 2.5% vesting after the two-year term and the possibility to re-lock after that, the lock releases gradually.

Siraaj Ahmed, CEO of Byrrgis/Wolf, said: “With the broader whale community now aligned, WOLF has unmatched stability moving forwards. Combined with the decisive action taken to resolve the ETH bridge incident, we’re aiming to set a new benchmark for transparency and accountability in DeFi. Under Byrrgis, this foundation becomes the blueprint for how Web3 ecosystems should be built: long-term, transparent, and trust-minimized.”

Robert Freeman, CTO of Byrrgis/Wolf, added: “Despite having been fully audited, the ETH bridge was unfortunately accessed by a contractor abusing administrator privileges. We acted immediately, shutting it down, and launching a forensic review. What we’ve learned is now shaping a higher standard: WOLF has applied zero-trust security principals across all services and infrastructure with least privilege access and just-in-time privilege escalations.”

Amy Cooksey, CMO of Byrrgis/Wolf, said: “Wolf’s response in securing half the supply on Streamflow and embedding stricter vendors and audits sets the standard that will be enforced across the entire Byrrgis ecosystem. Our vision is resilience at every layer, where communities can see alignment, trace commitments, and trust that the system is stronger than any single actor. That’s how Byrrgis differentiates itself: not by avoiding challenges, but by facing them head-on and emerging stronger.”

The multi-year supply lock on Streamflow, supported by Wolf’s NDA, will provide a stable structure that enables community members complete access to ownership and unlocks. Byrrgis will implement these lessons across its organization, integrating resilience, accountability, and openness to promote best practices throughout the DeFi landscape.

Byrrgis is the DeFi hub that integrates automation, professional-grade tools, and transparency. DeFi customers may easily get carefully chosen coin collections thanks to its dynamic multi-chain packaging. Byrrgis, the utility platform that powers the $WOLF token, provides traders with a fortress-like setting in which they can easily make cross-chain investments. By automatically reallocating funds to the most advantageous locations, its sophisticated features assist customers in effectively allocating resources. Byrrgis is now regarded as one of the most intelligent portfolio platforms in DeFi because of these advancements.