Security· ★★★· bearish·

ZachXBT: Institution loses 973K MORPHO worth $2.3M in exploit

  • —973K MORPHO worth $2.3M stolen from two addresses
  • —Stolen funds were routed into Tornado Cash
  • —Exploits involved EIP-7702 account delegation
  • —One victim address lost about $3.5M on October 9
Why it matters: EIP-7702 delegation risks now hit institutional wallets, potentially pushing holders away from unsafe custody setups.
#MORPHO
Source: PANews
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