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Binance-Labeled Wallet Swept Minutes After EIP-7702 Delegation

Binance-Labeled Wallet Swept Minutes After EIP-7702 Delegation
AI summary

A wallet labeled as belonging to Binance was swept minutes after an EIP-7702 delegation, and the delegated account later triggered a separate 780 million USDC transfer from a smart wallet it owns. It remains unconfirmed whether the movements were authorized. Traders will watch for confirmation of a breach or exploit, since a large unauthorized sweep of an exchange-linked wallet would raise security and custody concerns.

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