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Wallet Labeled as Binance-Linked Drained Shortly After EIP-7702 Delegation
(3 hours ago) · 1 source · Summarized by CryptoBipto
A wallet labeled as associated with Binance was reportedly swept of its funds just minutes after it delegated control through Ethereum's EIP-7702 mechanism. The incident raises questions about the security implications of the relatively new account abstraction feature. Details about the exact amount lost and the identity of the attacker remain unclear.
WHY IT MATTERS
Ethereum has been adding new features to make wallets smarter and more flexible.
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SOURCES
- thedefiant.io
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ETHEIP-7702Account AbstractionWallet SecurityEthereum
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