Safety

Binance Says Attacker Exploited EIP-7702 to Bypass Wallet Controls

October 30, 2026, 3:30 PM UTC (3 hours ago) · 1 source · Summarized by CryptoBipto

Binance CEO Richard Teng stated that an attacker used EIP-7702, an Ethereum account abstraction feature, to bypass wallet security controls in a recent incident. The disclosure highlights potential security risks introduced by newer Ethereum protocol upgrades. Details about the scale of the attack and any user losses remain limited based on available information.

WHY IT MATTERS

Ethereum regularly upgrades its rules through proposals called EIPs (Ethereum Improvement Proposals).

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SOURCES

thedefiant.io

ETHEthereum UpgradesExchange SecurityAccount AbstractionEIP-7702Wallet Security

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