EIP-7702 didn’t cause Binance hack, but may have amplified losses
Summary
Security analysts state that the Ethereum upgrade known as EIP-7702 was not the root cause of the recent Binance hack. However, specialists indicate that this technical implementation likely contributed to the severity of the incident by helping bypass standard withdrawal safeguards.
Security experts say attackers could have drained Binance’s wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards.
Source: Read the full story at Cointelegraph.com News
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