Hacking News
Binance Hot-Wallet Hack Causes $6.3B Losses
EIP-7702, an Ethereum upgrade allowing ordinary wallets to run smart contract code and support batched and sponsored transactions, may have aided hackers in a Binance hot-wallet attack that resulted in $6.3 billion in losses. Binance CEO Richard Teng linked the hot-wallet hack to the use of EIP-7702 delegation. The company plans to cover the losses from corporate reserves.