Hoskinson flags dangerous sweeper code as EIP-7702 debate grows

Cardano founder Charles Hoskinson warned of "seriously dangerous code" while sharing an analysis that blames Ethereum's EIP-7702 delegation feature for helping attackers rapidly drain a Binance hot wallet. The claim ties a major exchange security incident to an Ethereum upgrade feature, raising questions about the safety of delegated accounts. Traders would care because a Binance hot wallet breach and doubts about EIP-7702 could weigh on ETH and BNB sentiment and revive concerns about exchange security.