thedefiant.ioarticleBinance Attacker Used EIP-7702 to Bypass Wallet Controls, Teng Says
The Defiant reports that Binance co-CEO Yi He's colleague Teng says the attacker in a breach Binance estimates at $6.3 billion used EIP-7702 to bypass wallet controls. Binance is rebuilding its withdrawal service, and attackers destroyed tools and traces during the intrusion. Only the teaser loaded, so the technical detail of the EIP-7702 abuse is not in the available text.
TL;DR Reports that Binance's attacker used EIP-7702 to bypass wallet controls in a $6.3 billion breach, forcing a rebuild of withdrawals.
Organisations named here
- Binance
- Teng
- The Defiant
Technologies named here
- Ethereum
- Binance withdrawal service
Standards and laws named here
- EIP-7702
Techniques named here
- Destruction of tools and traces
- Wallet control bypass via EIP-7702
Concepts named here
- EIP-7702
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