Wolf, the DeFi hub operating under Byrrgis, has announced that more than 57% of its total supply of WOLF tokens will be locked for two years following recent incidents involving its Ethereum (ETH) bridge and early token holders, according to details shared with Finbold.
The action covers over 570 million tokens worth approximately $13.2 million and is aimed at restoring community confidence and demonstrating the long-term commitment of major holders.
A framework that gives full ownership visibility and unlocks to the community
The two-year lock, executed via Streamflow, allows tokens to gradually vest after a holding period, with the option to re-lock afterwards. This action follows two incidents in late September that temporarily affected the stability of the WOLF token.
In the first case, a contractor held administrative access to the project’s Ethereum bridge and minted unbacked ETH-WOLF tokens, resulting in over $600,000 in liquidity on the ETH side. The second concerned early whales selling about 2% of their supply after refusing to participate in the community lock framework.
Wolf said bridge and token infrastructure has been strengthened to prevent similar incidents, and both incidents have been contained. This lock aims to reduce sales pressure, provide visibility into token ownership, and set a new standard of transparency for the platform’s DeFi community.
“Now, with the broader whale community working together, WOLF is moving forward with unparalleled stability.” Siraj Ahmed, CEO of Birgis & Wolff, said: “Together with the decisive actions taken to resolve the ETH Bridge scandal, we aim to set a new standard for transparency and accountability in DeFi. Under Byrrgis, this foundation will become the blueprint for how the Web3 ecosystem should be built, long-term, transparent, and with minimal trust.”
Robert Freeman, CTO of Byrrgis and Wolf, said that although the bridge had been fully audited, access was exploited by a contractor with administrative privileges.
“We took immediate action, shutting down the system and launching a forensic review. What we learned now forms a higher standard. WOLF has applied Zero Trust security principals across all services and infrastructure with least privilege access and just-in-time privilege escalation.”
Amy Cooksey, CMO of Byrrgis and Wolf, added:
“Wolf’s response to secure half of Streamflow’s supply and incorporate more rigorous vendors and audits sets a standard that applies across the Birgis ecosystem. Our vision is resiliency at every layer, where the community can see adjustments, track commitments, and trust that the system is stronger than any single actor. That’s how Birgis differentiates itself: not by avoiding challenges, but by facing them head-on. We will become stronger.”
Wolf said the move reflects a broader goal of building an institutional-grade DeFi framework with clear accountability and resilience built into the design.
Featured image via Shutterstock.
