Reportedroot causeStatement 466
He said attackers could have drained the funds through other methods, but warned that exchange engineers might overlook the need to revoke a malicious EIP-7702 delegation after regaining control of their systems.
The speaker warned that exchange engineers might overlook the need to revoke a malicious EIP-7702 delegation after regaining control of their systems.
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Other statements from the same source
ReportedresponseStatement 468
Ido Ben-Natan warned that similar signing-system attacks threaten other exchanges and said transaction simulation could help detect malicious requests before they receive approval.
Ben-Natan warned that similar signing-system attacks threaten other exchanges and said transaction simulation could help detect malicious requests before they receive approval.
Reportedroot causeStatement 467
Ivo Georgiev stated that EIP 7702 is a problem because it is very poorly understood.
“This is a problem with EIP 7702, it’s just very, very poorly understood,” Georgiev said.
Reportedroot causeStatement 464
Ido Ben-Natan said attackers may have used a compromised developer’s computer to gain access to Binance’s wallet-signing infrastructure.
Ben-Natan said attackers may have used a compromised developer’s computer to gain access to Binance’s wallet-signing infrastructure.
Reportedroot causeStatement 356
Cointelegraph quoted the speaker as saying that ultimately the signer signed a transaction that they shouldn't have.
“The takeaway is that ultimately the signer signed a transaction that they shouldn’t have,” he said.
Reportedroot causeStatement 355
Cointelegraph reported that Ambire CEO Ivo Georgiev said EIP-7702 made little difference because the hackers already had the ability to authorize transactions.
Ivo Georgiev, co-founder and CEO of Ethereum wallet provider Ambire, said that EIP-7702 made little difference to the attack because the hackers already had the ability to authorize transactions.