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Specter: Malicious EIP-7702 Signature Attack Causes $2.96 Million in Losses for PancakeSwap LPs
Svmuu News: On-chain security researcher Specter reported that a long-inactive PancakeSwap liquidity provider (LP) lost approximately $2.96 million after signing a malicious EIP-7702 authorization. Reportedly, the attacker withdrew approximately $1.48 million in BSC-USD and $1.48 million in BUSD from the victim’s liquidity pool and exchanged the BUSD for ETH. Currently, the attacker has deposited approximately $1.46 million into Tornado Cash, while the remaining approximately $1.48 million in USDT remains in the attacker’s address.
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