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What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack

Publisher
Decrypt (News media)
Original
https://decrypt.co/resources/what-is-eip-7702-the-ethereum-upgrade-behind-the-6-4b-binance-hack
Published
First seen
Last captured
Watched for edits
No

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Captured (UTC)Fetched viaHTTPRaw sha256Text sha256Text changed
firecrawl-web08200ef88499b15838e079883936f8a16980101184b2fb75744f5694c5b8ed813f047263951d1e24e4bebaa5f8ba3cc525e580d45f823d1b32bb8a973953b5c0927f9No

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Claims quoted from this source

Reportedroot causeStatement 659

TRM Labs indicated that funds sent from other chains through ordinary signed transfers point to a compromise of Binance's hot wallet signing infrastructure rather than a flaw in Ethereum.

Binance wallets on the other nine chains also sent funds to the attacker through ordinary signed transfers, which TRM said points to a compromise of Binance's hot wallet signing infrastructure rather than a flaw in Ethereum itself.

Speaker
TRM Labs
Publisher
Decrypt (News media)
Original
What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack
Captured
Stored copy
sha256 ef88499b1583
Event time
Published