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Binance $6.3 Billion Hack: How Ethereum’s EIP-7702 Upgrade Helped Attackers Drain Wallets

CoinCentral·October 31, 2026·1 min read
Binance $6.3 Billion Hack: How Ethereum’s EIP-7702 Upgrade Helped Attackers Drain Wallets

Binance says attackers stole about $6.3 billion across several blockchains, the largest hack in crypto history. On Ethereum, the attacker used the EIP-7702 feature to drain about $2.5 billion in under four minutes. Security firms say the upgrade did not cause the hack but may have helped attackers bypass checks.

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