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EIP-7702 didn’t cause Binance hack, but may have amplified losses

Cointelegraph·October 30, 2026·1 min read
EIP-7702 didn’t cause Binance hack, but may have amplified losses

Security experts say attackers could have drained Binance's wallets without EIP-7702, but the Ethereum upgrade may have helped bypass withdrawal safeguards. The upgrade, which allows smart contract-like functionality in EOAs, potentially amplified losses by enabling more sophisticated attack vectors, though it was not the root cause of the hack.

Read at Cointelegraph
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