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“Seriously Dangerous Code”: Hoskinson Warns of EIP-7702 Risks Amid Binance Wallet Exploit

“Seriously Dangerous Code”: Hoskinson Warns of EIP-7702 Risks Amid Binance Wallet Exploit

Photo: Crypto Economy

TL;DR: Charles Hoskinson described a contract linked to Ethereum account delegation as severely dangerous code. CyberSatoshi’s technical analysis reported the use of 50 signed authorizations to bypass the nonces of the Binance 14 wallet. Ethereum’s official specification documents that any delegation under EIP-7702 requires valid cryptographic signatures from the account. Cardano founder Charles Hoskinson warned ... Read more

Source: Crypto Economy

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