SecurityDark Readingabout 1 hour ago
Binance Hackers Exploit EIP-7702 Weakness
8 min read
On Oct. 29, cyber thieves stole around $6.34 billion from Binance by exploiting EIP-7702 smart account authorizations. The attackers compromised three developers to create 50 pre-signed authorizations, bypassing internal security controls for about four hours. Binance subsequently froze and recovered about $2.85 billion in attempted stolen assets.
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