Binance CEO Confirms Hackers Exploited EIP-7702 Delegation
Photo: Coinfomania
Binance news reveals that hackers exploited EIP-7702 delegation in a hot wallet breach. Here's why security discussions are critical now. Binance CEO confirms hackers used EIP-7702 delegation to exploit a hot wallet. Binance’s CEO Richard Teng has confirmed that hackers exploited EIP-7702 delegation to seize control of a hot wallet. This breach allowed them to bypass normal approval controls and utilize a self-destruct mechanism to erase traces of the attack. The implications of this incident underscore the pressing need for heightened security measures in the crypto space, as discussed in a recent tweet by @SolanaFloor.
Source: Coinfomania
