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EIP-7702 didn’t cause Binance hack, but may have amplified losses

EIP-7702 didn’t cause Binance hack, but may have amplified losses

The Ethereum upgrade, specifically EIP-7702, might have facilitated the circumvention of withdrawal protections, according to security specialists, even though these experts maintain that the attackers might have been able to empty Binance's wallets regardless of EIP-7702's presence.

Earlier coverage

Reported by CoinTelegraph.