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Binance $6.3B Hack Raises Questions Over Ethereum EIP-7702

Summary by Cointelegraph
Binance’s $6.3 billion hack has raised questions about Ethereum’s EIP-7702 as investigators uncover additional breaches and experts point to compromised signing systems.

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Key Points of the News: An attacker stole approximately $6.4 billion of Binance hot wallets distributed in 10 block chains on October 29, 2026. The analysis firm TRM Labs confirmed that in Ethereum 50 prior authorizations were executed under EIP-7702 to convert the wallet into an extractor contract. The specification is ... Read more

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Cointelegraph broke the news in New York, United States on Friday, October 30, 2026.
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