Hoskinson Flags Binance Sweeper Code in EIP-7702 Debate
10 Articles
10 Articles
Hoskinson flags Binance sweeper code in EIP-7702 debate
Cardano founder Charles Hoskinson has warned about “seriously dangerous code” while sharing an analysis that blames Ethereum’s EIP-7702 delegation feature for helping attackers rapidly empty a Binance hot wallet. In his X post, Hoskinson wrote, “Careful, there is some seriously…
It is reported that Ethereum still played a role in the process: the attacker used a protocol function to empty a hot wallet of the stock exchange. Another confirmed point: In parallel, the U.S. oversight used the case for its regulatory plans. In parallel, the U.S. oversight used the case for its regulatory plans. ال ال ار ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ال ار ال ال ال ال ال ال …
Binance Wallet Breach Sparks Warning From Cardano Founder Hoskinson
Cardano founder Charles Hoskinson raised security concerns after an analysis linked Ethereum's EIP-7702 delegation feature to the $6.3 billion Binance wallet breach. Researchers examined how attackers allegedly transferred funds through delegated code. The exchange reported no evidence of leaked private keys, while its investigation into unauthorized signing access continues.
Key points of the news: Charles Hoskinson described a contract linked to the delegation of accounts in Ethereum as a seriously dangerous code. CyberSatoshi’s technical analysis reported the use of 50 signed authorizations to circumvent Binance wallet nonces 14. Ethereum’s official specification documents that any delegation under EIP-7702 requires the use of a ... Read more
Cardano founder Charles Hoskinson weighed in on the debate surrounding Ethereum's (ETH) EIP-7702 delegation feature, stating that an attacker could exploit this feature…
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