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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.

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Reportedroot causeStatement 659

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