Reportedroot causeStatement 327
The delegation itself was visible onchain for three minutes and 24 seconds before the sweep
Blockaid said the delegation was visible on-chain for three minutes and 24 seconds before the sweep.
This line is our short summary of the quote below. The quote is the evidence.
Cited in theories
- EIP-7702 caused the hack: Context. Delegation visible before the sweep.
- Questions raised about approval controls during the 20-minute transfer: Evidence for. Delegation visible for 3 minutes 24 seconds before the sweep.
Other statements from the same source
Reportedroot causeStatement 329
Blockaid said its transaction security engine classified the delegation transaction as malicious because an EOA was being upgraded through EIP-7702 to an untrusted address.
Blockaid's transaction security engine classified the type-4 transaction that delegated Binance 14 as malicious on sight, with the reason that an EOA was being upgraded through EIP-7702 to an untrusted address.
ReportedresponseStatement 328
Blockaid said its detection flagged the drain under two minutes after the sweep and before any public report.
Blockaid’s detection flagged the drain under two minutes after the sweep and before any public report
Reportedroot causeStatement 105
Blockaid said the operator address 0x7C8601d4645b93cea45F71e118A729332e6B5CA0 was funded through three Tornado Cash withdrawals starting October 28.
The operator address, 0x7C8601d4645b93cea45F71e118A729332e6B5CA0 , was funded through three Tornado Cash withdrawals starting October 28.
ReportedfreezeStatement 103
Blockaid said Tether and Circle froze about $1.8B in the main collection address within 40 minutes, and that with later freezes by other issuers and the Arbitrum Security Council, Binance puts the verified total frozen at about $3B.
Tether and Circle froze about $1.8B in the main collection address within 40 minutes, and with later freezes by other issuers and the Arbitrum Security Council, Binance puts the verified total frozen at about $3B.
ReportedamountStatement 102
Blockaid said that about $6.3B was stolen from Binance's hot wallets on October 29, 2026, by Binance's own estimate, and described it as the largest crypto theft on record.
About $6.3B was stolen from Binance’s hot wallets on October 29, 2026, by Binance’s own estimate, across Ethereum, Arbitrum, Avalanche, Optimism, Bitcoin, Tron, and other chains, the largest crypto theft on record.