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Protos Analyzes Details of Binance Ethereum Chain Hack: EIP-7702 Exploited for Specific Addresses, Approximately $2.4 Billion in Stolen Funds Frozen
Protos analyzes details of the Binance Ethereum chain hack: EIP-7702 was exploited to target specific addresses, with approximately $2.4 billion in stolen funds frozen. According to Protos, the attack partially leveraged the wallet delegation feature on Ethereum. Attackers deployed sweeping contracts, targeting the "Binance 14" address with 50 EIP-7702 authorizations and signing with its keys. Stolen funds from other addresses were transferred via regular transactions. Binance has removed the delegation for "Binance 14," and approximately $2.4 billion in funds removed from Binance's Ethereum wallets have been frozen or blacklisted.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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