EIP-7702 not the cause of Binance hack but may have amplified losses, experts say
AI summary
Security experts say the Ethereum EIP-7702 upgrade did not cause the Binance hack, but may have amplified losses by helping attackers bypass withdrawal safeguards. They add that the attackers could have drained Binance's wallets even without the upgrade. The finding matters to traders because it raises questions about whether a recent Ethereum standard weakens exchange-level protections during exploits.
