Ethereum’s EIP-7702 Used to Sweep $2.5B From Binance Hot Wallet
Photo: Crypto Economy
TL;DR Binance 14 was delegated to attacker-controlled code through EIP-7702, enabling one transaction to sweep about $2.5 billion in ETH and tokens. The attacker used 50 valid authorizations covering consecutive nonces. EIP-7702 required Binance 14 signatures, leaving the source of those signatures central to the investigation. Researchers say EIP-7702 may have amplified the drain but ... Read more
Source: Crypto Economy
