Binance $6.3B Hack Raises Questions Over Ethereum EIP-7702
10 Articles
10 Articles
Here's how an Ethereum upgrade helped drain part of Binance's $6 ...
Ethereum’s EIP-7702 Under Scrutiny After $6.4B Binance Hack: What You Need to Know
on October 29, 2026. Forensic analysis firm TRM Labs confirmed that 50 prior authorizations under EIP-7702 were executed on Ethereum to convert the wallet into a draining contract. The standard’s official specification mandates that code delegations require the private signature of the originating...
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
Binance CEO says hackers used EIP-7702 flaw in $6.3 billion hot wallet attack
🚨 Binance confirms hackers used EIP-7702 flaw in $6.3 billion theft from its hot wallet. 💸 $6.3 billion in losses will be covered using Binance corporate reserves. 🛡️ In $ETH, the exploit leveraged a recent upgrade to bypass security approvals. Continue Reading:Binance...
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